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The country’s benchmark Indice Bursatil de Capitalizacion (IBC) index gained more than 130% after the U.S. operation on Jan. 3.

Analysts said the rally reflects optimism that Venezuela’s economy could stabilize after years of mismanagement, sanctions and defaults, and that expectations have risen that the restructured government could attract capital, revive oil output and normalize relations with the United States.

U.S.-based exchange-traded fund (ETF) issuer Teucrium filed with the Securities and Exchange Commission on Friday to create the first ETF focused on companies with exposure to Venezuela.

According to analysts, investors have begun pricing in Maduro’s removal from power as a precondition for sanctions relief and ultimately a restructuring deal, with demand coming from a broad range of investors including mainstream emerging-market asset managers, hedge funds and distressed-debt specialists seeking asymmetric upside.

However, strategists noted that Venezuela’s stock market is small, illiquid and not easily accessible to global investors, meaning price swings could be extreme. Venezuela’s IBC index rose 1,644% in 2025.

Since Maduro’s capture, investors have also made heavy purchases of the country’s sovereign bonds and bonds issued by the state oil company. Analysts highlighted optimism over a potential debt restructuring as the main driver behind the renewed interest in Venezuelan bonds: “Investors see this development as a way to unlock value that has been frozen since Venezuela’s 2017 default.”