Mudrex opens up BTC ETF investment to Indians with a minimum commitment of $5,000

Members of India’s crypto community can now invest in Spot Bitcoin ETFs (Exchange Traded Funds). Mudrex. The Indian crypto investment platform announced the rollout of the service on its app on Monday, March 11. Both retail and institutional investors will be able to use the service to engage in Bitcoin trading without having to create an account. Exchange and buy cryptocurrencies. Since then BTC ETF Approved in the US this January, the cryptocurrency has seen massive capital inflows from investors.

ETFs track the value of the underlying asset, and they trade on traditional market exchanges instead. Crypto exchanges. It allows people to engage with Bitcoin without registering with a crypto platform.

Mudrex said in its announcement that it decided to bring this service to the platform after seeing the repeated demands of its customers. The minimum amount for people to start investing in BTC ETFs on Mudrex is $5,000 (Rs. 4.13 lakh approx) while the maximum amount can be $250,000 (Rs. 2 crore approx). While this amount may be manageable for retail and institutional investors, it can be a large financial undertaking for individual investors.

For starters, the platform will let Indians invest in four spot ETFs — BlackRock, Fidelity, Franklin Templeton, and Vanguard.

“Investors can choose between structured investment plans (SIP) or lump sum investments, depending on their financial goals. Mudrex allows investors to choose individual spot ETFs, create a personalized basket, or by market capitalization. “allows you to choose pre-listed options,” the company said in its official announcement.

Those who want to experiment with investing in BTC ETFs need to do their homework first. KYC With the platform.

“Our goal is to empower investors with the flexibility to invest in a diverse range of crypto products, navigating the dynamic digital asset landscape,” Mudrex CEO and co-founder Adol Patel said in a statement. offer a smooth and accessible way to do so.”

In a historic development, the US SEC finally gave the green signal to 11 Bitcoin ETF applications in January this year. ETFs listed in the US had Allegedly Shares worth $4.6 billion (approximately Rs 38,065 crore) traded within the first 24 hours.

The approvals of these BTC ETFs have played a major role in increasing the value of Bitcoin to its value. Current pricing $69,225 (Rs. 57.2 lakh approx.). Bitcoin is now rapidly moving towards new all-time highs.

India may also see the approval of ETFs for BTC and ETH in the coming days. A Memorandum of Understanding (MoU) was signed in January this year. Allegedly Torus Kling Blockchain IFSC and India INX Signed to Launch First Bitcoin and Ethereum Future ETFs Outside the US India INX is the country’s first international stock exchange platform.

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