Argentinian Futures and Options Exchange Readies Bitcoin Index Move

Argentina’s Futures and Options Exchange says it is taking “tentative crypto steps” – and could be set to follow the American bitcoin (BTC) exchange-traded fund (ETF) rush.

Per La Capital, the Rosario-based exchange, known as the Matba Roflex, has put forward a “Bitcoin Index” proposal to create a futures and options contract. The bid will be mulled by the regulatory National Securities Commission.

Matba Roflex’s deputy general manager of financial markets Ismael Caram was quoted as stating:

The move could potentially open the door for Argentinian crypto ETFs, which could well prove a hit considering the fast-growing popularity of crypto in the nation. Some investors have turned to BTC and altcoins as hyperinflation-mitigating measures have restricted public access to foreign currencies such as the USD.

Perhaps even more significantly, Matba Roflex also announced that it will make “direct investments in cryptoassets” and “startups related to the [crypto] industry,” plunging “up to 5% of its liquid portfolio” into tokens, with another undisclosed amount earmarked for crypto and fintech venture capital investments.

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