Mudrex to Offer US Spot Bitcoin ETFs to Indian Investors
Mudrex, an Indian cryptocurrency investment platform, has announced plans to offer US spot Bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, said CEO and co-founder Edul Patel in a recent interview.
Patel emphasized the significance of this move for institutions, granting them access to spot bitcoin ETFs, previously only accessible to retail investors via US stock investing firms.
Investment platform Mudrex will be the first to offer this service to institutions in India. Within the first phase of its offering, Mudrex will list the top four BTC ETFs from BlackRock, Fidelity, Vanguard, and Franklin Templeton.
Committed to full compliance with Indian regulatory frameworks, Mudrex is registered with the Financial Intelligence Unit (FIU) of India, ensuring adherence to stringent legal standards. The platform empowers users with access to a diverse array of over 350 cryptocurrencies and crypto baskets, augmented by actionable insights to guide investment decisions effectively.
Edul Patel, CEO and co-founder of Mudrex, emphasized the platform’s pioneering status in offering this service to Indian investors. In an interview, Patel highlighted the significance of Mudrex’s robust banking relationships, enabling seamless transactions for users navigating the complexities of the LRS process.
“This is much more valuable to institutions, as this was already available to retailers,” Patel said, highlighting the strategic significance of the move. While retail clients in India had limited access to spot Bitcoin ETFs through US stock investing companies, Mudrex aims to pioneer this service for institutional investors in the country.
“We are certainly the first Indian crypto platform to
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