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Argentina introduces foreign crypto ETFs for BTC and ETH

Foreign crypto ETFs approved: Argentina has opened its stock market to foreign crypto ETFs, marked by the CNV’s approval of Argentine deposit certificates (CEDEARs). These certificates allow investors to invest in ETFs linked to Bitcoin, Ethereum, and other assets, backed 1:1 by the underlying assets.

First issuance of ETF CEDEARs: Roberto Silva of the CNV announced the first issuance of ETF CEDEARs after being legally permissible for six years. This move signifies a historic step by aligning Argentina’s investment standards with international markets, with more financial instruments anticipated to follow soon.

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