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- Mudrex to offer US Bitcoin ETFs to Indian investors.
- Mudrex will facilitate access to BlackRock, Fidelity, Franklin Templeton, and Vanguard spot ETFs.
- Indian regulatory environment poses challenges with RBI restrictions.
Mudrex, a California-based crypto investment platform, is set to revolutionize the Indian investment landscape by offering U.S. spot bitcoin exchange-traded funds (ETFs) to both institutional and retail investors.
This move marks a significant milestone in bridging global investment opportunities with Indian markets, despite regulatory challenges.
An unprecedented offering amid regulatory divide
Mudrex’s decision to provide access to U.S. spot bitcoin ETFs comes at a time when India’s crypto regulatory environment remains divided.
While the Reserve Bank of India (RBI) has maintained a cautious stance on cryptocurrencies, the Intelligence Unit of the Finance Ministry has registered numerous Indian crypto service providers.
This dichotomy underscores the complexities of navigating regulatory frameworks in the country.
Merdrex to streamline transactions under the LRS
With a subsidiary registered in India and licenses in the European Union, Mudrex is strategically positioned to facilitate the trading of bitcoin ETFs for Indian investors.
By leveraging strong banking relationships, the platform aims to streamline transactions under the Liberalised Remittance Scheme (LRS), enabling users to diversify their portfolios with a minimum investment of $5,000 and a maximum limit of $250,000 per year.
Under the LRS, Indians are permitted to invest up to $250,000 annually in overseas securities, including bitcoin ETFs.
Mudrex’s platform empowers investors to capitalize on this opportunity, providing access to a range of U.S. spot ETFs from reputable firms such as BlackRock, Fidelity, Franklin Templeton, and Vanguard. This move aligns with the platform’s mission to democratize access to global investment opportunities while adhering to regulatory guidelines.
Institutional interest
With over 350 institutions engaging with Mudrex, the platform anticipates significant uptake among investors.
Approximately 20 institutions have already initiated the process of joining, signalling a growing appetite for Bitcoin ETFs in the Indian market.
Moreover, with an average ticket size of $110,000, Mudrex foresees substantial trading volumes, reflecting the increasing demand for diversified investment instruments.
