U.S. ETF provider files for first Venezuela-focused fund after turmoil

Teucrium filed with the U.S. Securities and Exchange Commission to launch the Teucrium Venezuela Exposure ETF, intended to track companies with significant exposure to Venezuela. The filing comes after reports of a U.S. capture of President Nicolás Maduro that coincided with a sharp rally in Venezuelan assets.

A U.S. ETF provider has filed for the first exchange-traded fund focused on companies exposed to Venezuela, and the move follows recent political developments that coincided with strong moves in local markets. The proposed fund is called the Teucrium Venezuela Exposure ETF and was filed with the U.S. Securities and Exchange Commission. Reports of a U.S. capture of President Nicolás Maduro and an ensuing rally in Venezuelan assets are noted in reporting about the filing. Known details: - Teucrium filed with the U.S. Securities and Exchange Commission for the Teucrium Venezuela Exposure ETF. - The ETF would track stocks and depositary receipts of companies classified as Venezuelan, companies deriving at least 50% of revenue from Venezuela, or firms based in major trading partners with significant exports to Venezuela. - Teucrium has been developing the product prior to the recent events and is reported to have about US$518 million in assets under management, mainly in commodities and crypto. - Reporting notes the local Bursátil stock index rose more than 90% in dollar terms since Monday, a move linked in coverage to the recent political developments. Summary: The filing highlights growing headline interest in Venezuela-linked assets amid notable recent market moves and political reports. The filing was made with the U.S. Securities and Exchange Commission; the regulatory outcome is undetermined at this time.