As another step in the adoption of cryptocurrencies, the Lima Stock Exchange (Peru) has authorized residents and companies in the country to invest in Bitcoin ETFs from BlackRock, VanEck and Invesco.

On January 11, spot bitcoin ETFs began operating in the United States, after a controversial wait. With the measure of the Peruvian government, the first ETFs based on spot Bitcoin are mobilized in the territory.

According to recent reports, “BVL users can now trade shares of BlackRock (IBIT), VanEck (HODL) and Invesco (BTCO) funds, which have direct exposure to Bitcoin and are listed on the main US exchanges.”

It is important to highlight that in a highly competitive market, it is the products of these firms that concentrate the greatest volume of capitalization and income.

Now, institutional and natural investors in Peru have an investment mechanism associated with cryptocurrencies, which are not regulated in the South American country.

Consequently, it is understood that there are no laws that regulate the use and trade of cryptocurrencies, nor a legal framework to punish associated financial crimes.

What currently governs in Peru is a legislative decree enacted in 2023 that obliges “digital currency exchanges to provide user information to the country’s Financial Intelligence Unit (UIF).”

M.Pino

Source: diariobitcoin

(Reference image source: Dmytro Demidko at Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Lima Stock Exchange authorized investments in spot Bitcoin ETFs apareció primero en Bitfinance.

In a determined financial move, Ark Invest, the well-known firm led by Cathie Wood, has strategically liquidated some of its shares, including those of Coinbase (COIN), as well as other prominent companies. Simultaneously, the firm has directed capital towards Bitcoin futures ETFs, once again demonstrating its innovative vision in the financial world.

It is striking that among the shares released are those of AMD, Block, Cloudflare, Stratasys, Shopify and the Grayscale trust, GBTC. The released funds have been redirected to ProShares Bitcoin Strategy ETF and Ark 21Shares Active Bitcoin Futures Strategy ETF. This bold move is not alien to Ark Invest’s distinctive style.

It is important to note that three of the sales correspond to companies linked to the cryptocurrency market. It should also be noted that Ark Invest had previously acquired shares of Coinbase at favorable prices, generating notable returns.

On this occasion, the sale of COIN shares totaled 148,885 units, reaching a value of $27.5 million.

K. Tovar

Source: Criptotendencia

(Reference image source: PiggyBank, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Ark Invest sold part of its shares in Coinbase apareció primero en Bitfinance.