US Bitcoin Spot ETFs Now Available to Indian Investors

Thanks to crypto exchange platform Mudrex that operates in India, US Bitcoin ETFs are now being sold in the country.

There is a minimum investment required on these purchases of $5,000. The maximum allowable purchase amount is $250,000. On Mudrex, investors can choose from pre-listed options, pick out individual ETFs, or customize their basket to their liking. As ETFs become a hotter commodity in the crypto market, it is only expected that more exchange platforms would make them available in more countries.

The Mudrex platform owners have seen the demand for ETFs and have catered to their customers by making this new investment option available to them. The Mudrex CEO Edul Patel said that the platform was offering plenty of flexibility for investors so that they can put their money into a wide range of crypto products.

What to Know about Mudrex

Mudrex is licensed to operate within India, and the company assures its investors that it has all the necessary legal requirements met so that there is no risk of lawsuit or legal action against it. A statement like that is almost necessary in this changing digital market because of the recent legal problems faced by Binance over illegal trading practices.

Mudrex is headquartered in San Francisco as well as Bengaluru and has the backing of several financial partners. The platform is growing and is working toward a goal of being the enlarges digital asset investment platform in the world.

Bitcoin on the Rise

This is an especially important time for any Bitcoin token and Bitcoin-related products, since Bitcoin surpassed its all-time record and climbed as high as $72,000 (BTC/USD). Bitcoin has been bullish lately and could even go as high as $100,000 in the near future.

Today, Bitcoin is up 4.23% and is still setting new all-time highs. We expect that activity to keep Bitcoin elevated in the public consciousness and help it to grow even further in the next few days.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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