Argentina’s CNV Approves CEDEARs for Crypto and Global ETFs

• Argentina approves CEDEARs, enabling ETFs for Bitcoin, Ethereum, gold, and global indices.
• CEDEARs offer local investors access to crypto and global ETFs via Argentina’s stock market.
• CNV aims to diversify investments and attract foreign capital with innovative financial tools.

Argentina has recently approved the introduction of CEDEAR’s programs for exchange-traded funds (ETFs) to pave way for new investments. The National Securities Commission (CNV) made this decision to enhance Argentina’s financial markets. It’s the first time that investors in Argentina are able to invest in ETFs that are based on Bitcoin, Ethereum, gold and global stock market indices.

CNV President Roberto E. Silva called this a historic milestone for Argentina’s capital markets. The approval aligns with Law No. 27.440, enacted six years ago, allowing the creation of such financial instruments. Silva highlighted that these initiatives bring Argentina closer to global financial standards.

The new CEDEARs enable investments in virtual assets such as Bitcoin and Ethereum. Investors can now trade these digital assets through Argentina’s traditional stock market. This move opens access to cryptocurrencies without requiring international intermediaries.

The CEDEARs also hold ETFs for commodities and foreign stock indices. One example is the GLD ETF investing in gold assets while the FXI ETF specializes in the Chinese stock market. Investors can also invest in an inverse ETF related to the SP 500 index.

These financial tools are expected to diversify investment portfolios and attract foreign capital. The CNV expects the approval to boost CEDEARs for passive index and crypto funds. These ETFs are priced abroad but are now accessible within Argentina’s financial system.

This development coincides with increasing interest in cryptocurrencies across Argentina. Recently, the Central Bank of Argentina launched its first Bitcoin mining exhibit in Buenos Aires. The display, titled “Art, Artificial Intelligence, and the Future of the Economy,” featured an artwork by Alberto Echegaray. It highlighted Argentina’s growing involvement in blockchain and cryptocurrency technologies.

The introduction of CEDEARs indicates a change in Argentina’s financial landscape. It gives investors, especially locals, a chance to access international financial products that were not previously accessible. In addition, it is consistent with President Javier Milei’s pragmatic approach to opening new investment opportunities.

These changes position Argentina as a growing hub for crypto and fintech. With a forward-looking approach, the approval seeks to merge traditional finance with new digital asset markets.

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