Trillions

The ETF That Bought Venezuela at the Right Time

Venezuela bonds were up 100% even before the surprise US strike. Then they went up another 30%.

Fire at Fuerte Tiuna, Venezuela’s largest military complex, seen from a distance after a series of explosions in Caracas on Jan. 3. The US military launched a surprise attack on the country, capturing President Nicolas Maduro. — Fire at Fuerte Tiuna, Venezuela’s largest military complex, seen from a distance after a series of explosions in Caracas on Jan. 3. The US military launched a surprise attack on the country, capturing President Nicolas Maduro.
Source: AFP/Getty Images

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By Eric Balchunas and Joel Weber

January 15, 2026 at 9:33 PM UTC

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Venezuela bonds were up 100% even before US President Donald Trump ordered a surprise attack on the South American nation, killing more than 100 people and resulting in the capture of President Nicolás Maduro. Then the bonds went up another 30%.