US Bitcoin Spot ETFs Now Accessible To Indian Investors

Crypto investment platform Mudrex on Monday announced the introduction of U.S. Bitcoin Spot Exchange-Traded Funds (ETFs) to its platform, targeting Indian investors, and allowing them to engage with Bitcoin BTC/USD through a regulated framework.

What Happened: Starting now, investors in India can allocate funds ranging from $5,000 to $250,000 into spot Bitcoin ETFs via Mudrex.

The platform offers the flexibility to invest in individual ETFs, curate a personalized basket of ETFs or select from pre-listed options based on market capitalization.

Initially, Mudrex will feature four spot ETFs, including those from BlackRock Inc. BLK, Fidelity, Franklin Templeton, and Vanguard, providing a variety of investment avenues to suit different investor preferences and financial objectives.

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Mudrex's CEO and Co-founder, Edul Patel, highlighted the growing demand for Bitcoin spot ETFs among Indian investors and the platform's commitment to meeting this demand with innovative investment solutions.

"We aim to empower investors with the flexibility to invest across a diverse range of crypto products, offering a seamless and accessible avenue to navigate the dynamic digital asset landscape," Patel stated.

To invest in these spot Bitcoin ETFs, users must complete a Know Your Customer (KYC) process through Mudrex's platform.

Mudrex, which has licenses in Lithuania and Italy, said it operates in adherence to the regulatory frameworks of both India and the European Union.

The platform is a registered entity with India's Financial Intelligence Unit (FIU) and holds a Virtual Asset Service Provider (VASP) license in the EU, along with an Organismo Agenti e Mediatori (OAM) registration in Italy, ensuring a secure and regulated environment for investors.

Price Action: At the time of writing, Bitcoin was trading at $72,460, up 4% over the past 24 hours, as reported by Benzinga Pro. 

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