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Argentina Opens Doors to U.S. Crypto ETFs, Boosting Digital Asset Investments

Argentina’s securities regulator, the Comisión Nacional de Valores (CNV), has approved the entry of U.S.-based exchange-traded funds (ETFs), including those tied to cryptocurrencies, into its domestic market. This regulatory shift paves the way for global digital asset investment opportunities within the Argentine capital market.

Under the CEDEAR’s program regulated by RG No. 1030, spot Bitcoin and Ethereum ETFs, which were previously restricted by Law No. 27440 for six years, will now be accessible to local investors. While the CNV has not disclosed specific issuers, the move signals an open invitation for a broader range of crypto products.

“This is a pleasure to announce these first approvals, which constitute new investment options provided for in this very innovative law,” stated CNV’s president, Roberto E. Silva.

In the same announcement, the CNV also granted access to gold ETFs (GLD), S&P 500 index funds, and Chinese stock market indexes (FXI). The regulator anticipates that these additions will enhance investor portfolios by offering passive management indices, commodities, and digital assets—all previously unavailable in the Argentine market.

Argentina’s embrace of cryptocurrencies extends beyond financial products. The nation has publicly showcased Bitcoin mining backed by its central bank, symbolizing government support for digital currencies. This move aligns with President Javier Milei’s strategy to combat hyperinflation, which reached nearly 300% in April 2024. Since then, the country’s inflation has gradually declined to under 200%, marking notable progress in stabilizing its economy.

As the South American nation continues to adopt innovative financial instruments, the approval of U.S. crypto ETFs represents a significant step toward integrating cutting-edge digital assets into Argentina’s economic framework.

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