- Mudrex offers US Bitcoin ETFs to Indian investors.
- Mudrex will facilitate access to BlackRock, Fidelity, Franklin Templeton and Vanguard spot ETFs.
- India’s regulatory environment is challenging due to RBI restrictions.
Mudrex, a California-based cryptocurrency investment platform, is set to revolutionize the Indian investment landscape by offering a US spot Bitcoin exchange-traded fund (ETF) to both institutional and retail investors.
This move marks an important milestone in connecting Indian markets with global investment opportunities despite regulatory challenges.
An unprecedented proposal amid regulatory gaps
Mudrex’s decision to provide access to US spot Bitcoin ETFs comes at a time when India’s cryptocurrency regulatory environment remains fragmented.
While the Reserve Bank of India (RBI) maintains a cautious stance on cryptocurrencies, the Intelligence Bureau under the Ministry of Finance has registered a number of Indian cryptocurrency service providers.
This dichotomy highlights the complexity of navigating a country’s regulatory framework.
Merdrex simplifies trading under LRS
With a subsidiary registered in India and a license in the European Union, Mudrex is strategically positioned to facilitate Bitcoin ETF trading for Indian investors.
The platform aims to leverage its strong banking relationships to streamline transactions under the Liberalized Remittance Scheme (LRS), allowing users to diversify their portfolios with a minimum investment of $5,000 and a maximum limit of $250,000 per year.
Under LRS, Indians can invest up to $250,000 per year in foreign securities, including Bitcoin ETFs.
Mudrex’s platform helps investors take advantage of this opportunity, providing access to a variety of U.S. spot ETFs from well-known companies such as BlackRock, Fidelity, Franklin Templeton, and Vanguard. This move is in line with the platform’s mission to democratize access to global investment opportunities while complying with regulatory guidelines.
institutional interest
With over 350 institutions working with Mudrex, the platform expects significant uptake among investors.
Around 20 institutions have already started the subscription process, indicating growing demand for Bitcoin ETFs in the Indian market.
Additionally, with an average ticket size of $110,000, Mudrex expects significant trading volume, reflecting growing demand for a variety of investment vehicles.