Mudrex intends to introduce U.S. spot Bitcoin exchange-traded funds (ETFs) to target both institutional and retail investors within India. The move comes amid India’s latest government action to tighten offshore crypto exchanges regulation. During its initial phase, the platform will first feature listing four spot Bitcoin ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard. The Liberalized Remittance Scheme (LRS) allows users and institutions seeking exposure to Bitcoin to diversify their portfolios.
Source: Wayne Jones, 2024-03-12; https://cryptopotato.com/us-spot-bitcoin-etfs-coming-to-india-from-crypto-investment-platform-report/