Shashi Tharoor Lok Sabha nomination affidavit shows exposure to Bitcoin ETF

economictimes.indiatimes.com:

Bitcoin ETF in his portfolio.

As per the affidavit, the three-time member of parliament Shashi Tharoor holds a Bitcoin ETF worth Rs 5,11,314.

A Bitcoin ETF, or Exchange-Traded Fund, is a type of investment fund that tracks the price of Bitcoin. It enables investors to gain exposure to Bitcoin without owning the digital currency directly. Instead, investors can purchase shares of the ETF, representing ownership of a portion of the underlying Bitcoin holdings held by the fund.

Bitcoin ETFs are traded on traditional stock exchanges, making them accessible to a broader range of investors and potentially offering more liquidity compared to purchasing Bitcoin directly from cryptocurrency exchanges.

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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

In addition to his investment in Bitcoin ETF, Shashi Tharoor's overseas investments include equities worth Rs 9.33 crore, corporate bonds valued at Rs 3.46 crore, certificate of deposits amounting to Rs 91.7 lakhs, options investments totaling Rs 19.98 lakhs, investment in US Treasury Securities worth Rs 2 crore, and a loan to Estee Capital LLC, USA,