Mudrex launches US Bitcoin Spot ETFs for investors in India

Synopsis

Edul Patel, CEO & Co-founder of Mudrex, said, “Seeing the increasing demand for Bitcoin spot ETFs and user requests on our platform in the past few months, we have decided to launch it for Indian investors. 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”.

Mudrex, a Y-Combinator-backed global crypto investment platform, on Monday announced the launch of US Bitcoin Spot ETFs for Indian investors.

Those interested can start investing in Bitcoin spot ETFs on Mudrex’s platform with a minimum amount of $5,000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

Commenting on the development, Edul Patel, CEO & Co-founder of Mudrex, said, “Seeing the increasing demand for Bitcoin spot ETFs and user requests on our platform in the past few months, we have decided to launch it for Indian investors. 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”.

In the first phase, the platform is set to list four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard.

Crypto TrackerMudrex Logo

TOP COINS (₹) 

Ethereum336,687 (6.0%)BuyBitcoin5,988,062 (5.41%)BuySolana12,241 (4.09%)BuyTether83 (-0.25%)BuyBNB43,104 (-0.95%)Buy

"Investors can choose between systematic investment plans (SIP) or lump-sum investments, aligning with their financial goals. Investors can invest in spot Bitcoin ETFs through Mudrex's platform by completing their KYC process. This is a significant milestone for Mudrex to deliver innovative investment solutions within the rapidly evolving digital asset landscape," Mudrex said in a release.

Mudrex operates in complete compliance with local regulatory bodies in India and the European Union. The platform is a registered entity with FIU (Financial Intelligence Unit) in India and holds a VASP (Virtual Asset Service Provider) licence in the EU. Mudrex also obtained the OAM (Organismo Agenti e Mediatori) registration in Italy, it said.

ADVERTISEMENT

Headquartered in Bengaluru and San Francisco, Mudrex is backed by Y- Y-Combinator, Nexus Ventures, Arkham Ventures, and Tribe Capital. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator-backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.

Stocks Recommendations

BUY | Call Date: 11 Mar 2024

Shyam Metalics

Potential

Upside

lock

Target

815

Current Price

622.5

PDF

Brokerage : ICICI Securities

BUY | Call Date: 11 Mar 2024

Ambuja Cements

Potential

Upside

lock

Target

831

Current Price

608.9

Brokerage : ICICI Securities

Explore 500+ Stock Recommendations on

Unlock 500+ Stock Recos on App

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

ADVERTISEMENT

T1T2

(You can now subscribe to our ETMarkets WhatsApp channel)

READ MORE ON

MUDREXMUDREX NEWSBITCOIN SPOT ETFSMUDREX BITCOIN SPOT ETF LAUNCHCRYPTOCURRENCYCRYPTO NEWSBITCOIN

TOP TRENDING TERMSSENSEX TODAYTHAI CASTING IPO GMPIT STOCKSWTI CABS IPO DATEKALAHRIDHAAN TRENDZ IPO GMPMANKIND PHARMAUPCOMING IPOATMATSCO IPO GMPBHARTI AIRTEL SHAREF&O STOCKS SHORT TERMVIBHOR STEEL IPO GMPF&O STOCKS LONG TERMMONEY MANAGEMENT STOCKGOLD PRICEQ3 RESULTS TODAYM&M Q3 RESULTSEICHER MOTORS Q3 RESULTSALPEX SOLAR IPO ALLOTMENT STATUSF&O BAN LISTMIDCAP STOCKSELECTRONICS MANUFACTURER STOCKSHINDALCO SHARE PRICERBI MPC MEET LIVEBRITANNIA Q3 RESULTSNYKAA Q3 RESULTSTATA MOTORS Q3 RESULTSBLS E-SERVICES ALLOTMENT STATUSNOVA AGRITECH SHARE PRICEGABRIEL PET STRAPS IPO

Empowering Bharat's MSMEs: Insights from the SIDBI ET MSME Conclave Series and a sneak peek into the upcoming Aurangabad edition

UK regulator to allow crypto exchange-traded notes for professional investors