Argentina Opens Doors to Foreign Cryptocurrency ETF Markets

Cryptocurrency ETF Market is growing and after #Bitcoin and #Ethereum ETF, its getting more attention. ETF (Exchange-traded funds) is a legit way to invest in crypto through the stock #market. The crypto market is growing and a lot of people are getting onboarded but it's still a chunk of people are not compatible investing directly.

The reason behind this hold is most probably because they do not want to invest directly and the involvement of an asset management company is the most preferred option for them. For example, if somebody is trying to invest in Bitcoin, They can do it directly through the crypto exchanges or the other way would be to invest in Bitcoin et of which can be done only through the AMC. But this ETF option is available in the US only for now however we can expect more countries to adopt it and that is what Argentina is trying to do now.

Argentina is opening its stock market to crypto exchange-traded fund (ETF) opportunities. The Argentine SEC equivalent greenlighted the introduction of prospects to allow investments in crypto—bitcoin and ethereum—foreign ETFs under the figure of Argentine deposit certificates

Argentina has opened the door for foreign currency exchange-traded funds markets. This is big news because this way the country is going to get a lot of investors who will be investing in crypto this way as a result more money inflow is expected to happen. We need to understand that the USA has set up an example by approving the ETF or Bitcoin and ethereum. Now this trend will be followed by many other countries and altogether this will result in the money inflow in the Crypto market.

Dubai is doing well in crypto and its anticipated that they will also do something like this to enable more #investment through ETF way as Argentina SEC did. This will encourage more institutions to come forward and add crypto to their books and with companies this investment is mostly for the long term.

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Posted Using InLeo Alpha