Mudrex, a crypto investment platform, has announced its launch of the US Bitcoin spot exchange-traded funds (ETFs) for Indian investors.
According to an official release, investors can start investing in Bitcoin spot ETFs with a minimum investment of $5,000 and a maximum of $250,000. In the first phase, the platform is expected to list four spot ETFs, which are understood to be BlackRock, Fidelity, Franklin Templeton, and Vanguard. Reportedly, investors can choose between systematic investment plans (SIP) or lump-sum investments. From what it’s understood, investors can invest in spot Bitcoin ETFs by completing their KYC process.
“Seeing the demand for Bitcoin spot ETFs and user requests on our platform in the past few months, we have decided to launch it for Indian investors. We aim to empower investors with the flexibility to invest across a range of crypto products, offering an avenue to navigate the digital asset landscape,” Edul Patel, co-founder and CEO, Mudrex, said.
