Brazil is accelerating institutional access to SOL and has approved its second Solana ETF. The product will provide spot access to SOL for institutional Brazilian clients. Hashdex will operate it in partnership with BTG Pactal.
Brazil is the eighth-largest economy globally, with one of the most substantial growth rates. Play the tape forward, and this country will compete with advanced European economies such as France in the coming decade.
This sweeping approval is big news for Solana and its ecosystem. Naturally, speculation runs red hot. Besides, investors are looking to grab onto the top meme coins before Brazilian institutional buying drives up SOL aggressively. One name that keeps coming up is Poodlana. Is this classy chic token the best altcoin to hold in Q4? Time for a deep dive.
Brazil Approves Second Solana ETF
Crypto has always been a global financial innovation. The decentralized nature separates state control of money and acknowledges no borders. Interestingly, developing nations have shown far more appetite for crypto and crypto-related services. Could it be the emerging economy that fuels this bull run?
Brazil approved its first spot Solana ETF, on August 8th and has wasted no time approving a second product. The Brazilian Securities and Exchange Commission (CVM) has taken a proactive attitude toward crypto. Moreover, Brazil is steadily becoming a world leader in regulated crypto asset investments.
However, the most interesting thing is the capital flight that will likely take place from the United States. When Powell slashes rates and U.S. treasury bill yields are no longer as attractive, there is always an exodus of capital. That finds itself in foreign markets searching for higher yields. More capital in Brazil is good news for the SOL spot ETF. With institutional buyers bidding, the wealth effect will send meme coins into overdrive, and analysts are betting big on Poodlana.
Poodlana: Next to take the stage?
Poodlana (POODL) caught attention following a massive $8 million presale raise. It has increasingly become the focus of smart money and whales. Based on class, high-end fashion, and glamour, Poodlana has dominated thousands of lazy and frankly low-class tokens saturating Solana. Getting recognized is 100% of the game in the meme coin space, where tokens trade on attention. Poodlana branding itself as the ‘Hermès of Crypto’ has worked excellently. Besides, on-chain sleuths have found meme coin whales hyper-bidding POODL.
Standing out is winning the battle for a meme coin. Moreover, following a string of excellent listings, including MEXC and BingX, Poodlana has millions of eyeballs. Launching on Solana is a no-brainer for any meme coin developer, as it is where all the action is. POODL has increasingly become recognized as a perfect SOL beta trade.
Are you bullish on SOL directionally this cycle? You should be. Holding POODL amplifies this trade’s returns. Brazilian institutional buyers will purchase SOL via the new Solana ETFs. Besides, ecosystem tokens can expect a rerating as the wealth effect washes over the blockchain. The way to win is to arrive first.
Buying Poodlana today before the rerating happens is how to maximize ROI potential. Price predictions already forecast a possible 100X move before the end of the year. When SOL breaks above $200 again, Poodlana will fly first class in a whirlwind of glamour and glitz.
For more details, visit the Poodlana website.
