New Delhi. You must have known about Gold Exchange Traded Fund ie Gold ETF for a long time. Now very soon the world’s most popular cryptocurrency will also hear about Bitcoin ETF. Actually, preparations have started to launch India’s first bitcoin ETF.
Torus Kling Blockchain to Launch India’s First Bitcoin ETF
Torus Kling Blockchain IFSC has signed an MoU with India INX to launch India’s first Bitcoin and Ethereum Futures ETF and Metaverse US Listed Large-Cap Discount Certificate. Torus Kling Blockchain IFSC is a 50:50 Joint Venture between Sam Ghosh Promoted Cosmea Financial Holdings (CFH) and Kling Trading India.
# Efforts to ban Cryptocurrency in another neighboring country of India, know the reason
First crypto-backed futures ETF outside the US
This Bitcoin and Ethereum Futures ETF will be the first crypto-backed futures ETF outside the US. Also, Metaverse will be the first Asian discount certificate to track large-cap stocks in the US and Europe markets. The ETF futures will be launched under the sandbox construction of IFSCA.
It is worth noting that all kinds of apprehensions are being raised about the future of cryptocurrencies in India. RBI has also expressed concern about the impact on the economy.