Mudrex to Offer U.S. Spot Bitcoin ETFs to Indian Investors

A California-based crypto investment platform, Mudrex, is poised to transform the Indian investment landscape by introducing U.S. spot bitcoin exchange-traded funds (ETFs) to both institutional and retail investors.

This move signifies a significant milestone in connecting global investment opportunities with Indian markets, despite facing regulatory challenges.

Revolutionizing Indian Investments

Mudrex's decision to offer access to U.S. spot bitcoin ETFs comes at a critical juncture when India's crypto regulatory environment is in flux.

While the Reserve Bank of India (RBI) has adopted a cautious approach towards cryptocurrencies, the Intelligence Unit of the Finance Ministry has registered several Indian crypto service providers, highlighting a regulatory divide.

Facilitating Transactions under the LRS

With a subsidiary in India and licenses in the European Union, Mudrex is strategically positioned to facilitate bitcoin ETF trading for Indian investors.

By leveraging strong banking relationships, the platform aims to simplify transactions under the Liberalised 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 the LRS, Indians can invest up to $250,000 annually in overseas securities, including bitcoin ETFs.

Mudrex's Offering

Mudrex's platform enables investors to access a variety of U.S. spot ETFs from reputable firms such as BlackRock, Fidelity, Franklin Templeton, and Vanguard. This move aligns with the platform's goal of democratizing access to global investment opportunities while complying with regulatory requirements.

Institutional Interest

With over 350 institutions engaging with Mudrex, the platform anticipates strong interest among investors.

Approximately 20 institutions have already started the process of joining, indicating a growing appetite for Bitcoin ETFs in the Indian market.Moreover, with an average ticket size of $110,000, Mudrex expects significant trading volumes, reflecting the increasing demand for diversified investment instruments.