Argentina’s securities regulator, Comisión Nacional de Valores (CNV), has approved the entry of U.S.-based crypto exchange-traded funds (ETFs) into the country, opening the door to increased foreign investment in digital assets.
Under the CEDEAR program, regulated by RG No. 1030, Bitcoin and Ethereum spot ETFs will now be available for trading in Argentina, reversing a six-year ban imposed by Law No. 27440. While the specific issuers of the Bitcoin ETFs are yet to be revealed, the move marks a significant step toward allowing digital asset investment through Argentina’s capital markets.
The CNV also announced the inclusion of gold ETFs, under the GLD ticker, as well as the S&P 500 index and Chinese stock market indexes, including FXI. These changes are expected to boost the availability of passive investment products, commodities, and digital assets previously unavailable to local investors.
Alongside these market developments, Argentina has taken bold steps to integrate cryptocurrency into its economy. The Central Bank of Argentina (BCRA) is now publicly showcasing Bitcoin mining operations, positioning the country as a leader in digital currency adoption in Latin America. This initiative is part of President Javier Milei’s broader strategy to combat hyperinflation, which reached nearly 300% in April 2024. Since then, inflation has gradually decreased to under 200%, reflecting the potential impact of these economic reforms.
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