All posts tagged: mudrex opens btc etf investments india minimum usd 5000 cryptocurrency

Mudrex Opens BTC ETF Investments for Indians with Minimum Commitment of $5,000

Members of India’s crypto community can now invest in spot Bitcoin ETFs (exchange-traded funds) through Mudrex. The Indian crypto investment platform announced the roll-out of this service on its app on Monday, March 11. Both, retail as well as institutional investors will be able to use this service to engage with Bitcoin trading without having to create an account on an exchange and purchase the cryptocurrency. Ever since BTC ETFs were approved in the US this January, the cryptocurrency has seen a massive inflow of capital from investors. ETFs track the value of the underlaying asset, and they trade on traditional market exchanges rather than crypto exchanges. This lets people engage with Bitcoin without having to register with a crypto platform. Mudrex, in its announcement said, it decided to bring this service to the platform after seeing repeated demands from its users. The minimum amount for people to start investing in BTC ETFs on Mudrex stands at $5,000 (roughly Rs. 4.13 lakh) whereas the maximum amount could be $250,000 (roughly Rs. 2 crore). While this …