Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings

The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the country.

Peruvian Stock Exchange Announces Bitcoin Spot EFT Listing

The Lima Stock Exchange (BVL), one of the largest Peruvian stock exchanges in the country, is giving entry to spot bitcoin exchange-traded funds (EFT) on its platform. According to a press release issued by the exchange, Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be made available for Peruvian investors on the platform.

BLV declared that the instruments listed on the platform were backed by global asset-managing companies like Blackrock, Vaneck, and Invesco. In addition, BLV remarks that 11 of the bitcoin ETF products approved last January in the U.S. manage over $40 billion in assets.

However, even when promoting the listing of these investment products, BVL alerted about the possible price swings of the underlying asset. BLV’s press release stated:

It is important to note that people who invest in Bitcoin ETFs must be aware of the risks in their investment. As in other ETFs, the BVL makes available links to the respective prospectuses and documents, in compliance with existing regulations.

Julio Cesar Placido, head of BVL, explained that these investment instruments are “generating an unprecedented change to our financial ecosystem and the mentality of market participants.”

In addition, Placido stressed that these spot bitcoin ETFs aim to solve the transparency problem in crypto markets, attracting investors who were previously reluctant to enter the cryptocurrency market.

While bitcoin is still an unregulated asset in Peru, a cryptocurrency law draft was presented in December 2021. Nonetheless, the current President of the Central Bank of Peru, Julio Velarde, has declared that cryptocurrencies were “highly volatile financial assets” that affected climate change.