Mudrex launches US Bitcoin Spot ETFs for investors in India

Mudrex, a Y-Combinator-backed global crypto investment platform on Monday announced the launch of US Bitcoin spot ETFs for Indian investors.

Interested parties can start investing in spot Bitcoin ETFs on the Mudrex platform with a minimum of $5,000 and a maximum of USD 250,000. Mudrex allows investors to choose individual ETFs, create a custom basket, or choose pre-quoted options based on market capitalization.

Commenting on this development, Edul Patel, CEO and Co-Founder of Mudrex, said: “Seeing the increasing demand for Bitcoin spot ETFs and user requests on our platform in recent months, we have decided to launch it for Indian investors. "Aims to provide investors with the flexibility to invest across the spectrum." A variety of cryptocurrency products, provide a simple and accessible way to navigate the dynamic digital asset landscape.

In the first phase, the platform is set to list four spot ETFs: BlackRock, Fidelity, Franklin Templeton, and Vanguard.

"Investors can choose between Systematic Investment Plans (SIPs) or lump sum investments, aligning with their financial goals. Investors can invest in spot Bitcoin ETFs through the Mudrex platform by completing their KYC process. This is a significant milestone for Mudrex to deliver innovative investment solutions within the rapidly evolving digital asset landscape,” Mudrex said in a release.

Mudrex operates in complete compliance with local regulatory bodies in India and the European Union. The platform is a registered entity with the FIU (Financial Intelligence Unit) in India and holds a VASP (Virtual Asset Service Provider) license in the European Union. Mudrex also obtained the OAM (Organismo Agenti e Mediatori) registration in Italy, it said.

Headquartered in Bengaluru and San Francisco, Mudrex is backed by Y- Y-Combinator, Nexus Ventures, Arkham Ventures, and Tribe Capital. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, and Prince Arora, the Y-Combinator-backed organization has created a robust investment platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.

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