Mudrex Launches US Bitcoin Spot ETFs for Indian Investors
Mudrex, a global crypto investment platform backed by Y-Combinator, has announced the launch of US Bitcoin Spot ETFs for Indian investors. This new offering allows investors in India to start investing in Bitcoin spot ETFs on Mudrex’s platform, with a minimum amount of $5,000 and a maximum of $250,000. Mudrex gives investors the flexibility to choose individual spot ETFs, create a personalized basket, or opt for pre-listed options based on market capitalization.
Investing Options and Benefits
- Investors can choose between systematic investment plans (SIP) or lump-sum investments based on their financial goals.
- Mudrex operates in compliance with local regulatory bodies in India and the European Union.
- The platform is registered with FIU (Financial Intelligence Unit) in India and holds a VASP (Virtual Asset Service Provider) license in the EU.
- Mudrex has obtained the OAM (Organismo Agenti e Mediatori) registration in Italy.
Selection of Spot ETFs
In the first phase, Mudrex will list four spot ETFs – BlackRock, Fidelity, Franklin Templeton, and Vanguard. These options offer investors a diverse range of choices for their investment portfolios.
Empowering Investors with Crypto Products
Edul Patel, CEO & Co-founder of Mudrex, expressed the company’s commitment to empowering investors with flexibility and accessibility in navigating the digital asset landscape. The launch of Bitcoin spot ETFs is a response to increasing demand and user requests on the platform. Mudrex aims to provide a seamless avenue for Indian investors to invest in a diverse range of crypto products.
Mudrex’s Compliance and Regulatory Standing
Mudrex assures investors that it operates within the regulatory frameworks of India and the European Union. The platform is fully compliant with local regulatory bodies, including FIU in India and the VASP license in the EU. Additionally, Mudrex has obtained the OAM registration in Italy, further solidifying its commitment to regulatory compliance.
About Mudrex
Mudrex is a fintech startup headquartered in Bengaluru and San Francisco. It is backed by Y-Combinator, Nexus Ventures, Arkham Ventures, and Tribe Capital. The platform aims to be the largest asset management platform for crypto investments. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, and Prince Arora, Mudrex provides an innovative investment solution for both newcomers and seasoned investors in the rapidly evolving digital asset landscape.
Hot Take: Mudrex Revolutionizes Crypto Investing in India
Mudrex’s launch of US Bitcoin Spot ETFs for Indian investors marks a significant milestone in the Indian crypto investment landscape. With this new offering, Mudrex aims to provide Indian investors with greater accessibility and flexibility in investing in Bitcoin spot ETFs. By listing prominent ETF options such as BlackRock, Fidelity, Franklin Templeton, and Vanguard, Mudrex offers a diverse range of choices for investors to build their portfolios.
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