Bitcoin ETF approval: Can Indians also invest?

The approval of the first US-listed exchange-traded fund (ETF) to track Bitcoin by the US Securities and Exchange Commission (SEC) has sent waves of excitement across the global cryptocurrency community..

Viram Shah, CEO of Vested Finance, said, "For Indian investors, the Bitcoin ETF will provide an opportunity to include crypto in their portfolio via the Liberalized Remittance Scheme (LRS) route."..

However, one notable advantage is that investors can gain exposure to Bitcoin through regulated entities, alleviating concerns about cryptocurrency storage...

"An Indian investor taking exposure on Bitcoin ETF will get easy exposure through regulated entities without worrying about the storage of the cryptocurrency," Viram Shah added...

BlackRock plans to charge 0.3%, while ARK has announced a fee of 0.25%, which seems reasonable given the average ETF management fee in the US is about 0.5%," Viram pointed out.. (You can now subscribe to our ETMarkets WhatsApp channel)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own..

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