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Colombian Investors Can Now Trade Bitcoin ETF Shares in Pesos
The Colombian Stock Exchange (BVC) has recently started trading the IBIT Bitcoin ETF, issued by BlackRock, the world’s largest asset manager. This significant move enables local investors to access a globally prominent cryptocurrency investment vehicle. The IBIT ETF shares will be available in the Global Colombian Market segment of the BVC, allowing investors to purchase shares denominated in Colombian pesos, directly linked to the ETF’s price in US dollars.
The trading framework adheres to the financial and technical standards set by BlackRock, ensuring consistency with its operations on the U.S. market. The IBIT ETF brings a new opportunity for portfolio diversification, providing exposure to Bitcoin (BTC) through a regulated exchange-traded fund. This option allows investors to mitigate risks associated with directly holding the cryptocurrency.
The current price of IBIT shares is approximately 242,960 pesos, which is equivalent to around 55 US dollars, reflecting its valuation on global markets.
Source: http://www.crypto-news-flash.com
