Mudrex, an Indian cryptocurrency investment platform, intends to introduce U.S. spot Bitcoin exchange-traded funds to target both institutional and retail investors within India, according to CEO and co-founder Edul Patel.
During its initial phase, the platform will first feature listing four spot Bitcoin ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard.the Liberalized Remittance Scheme . Consequently, users and institutions seeking exposure to Bitcoin can leverage ETFs to diversify their portfolios. Patel clarified that while broker partners in the U.S. will handle the actual transaction processing, Mudrex’s Indian subsidiary will oversee the spot Bitcoin ETF service.
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