India plans to launch its first bitcoin ETF
The Torus Kling Blockchain company is currently awaiting the local regulators' approval
14.01.2022 - 13:40
253
1 min
0
.
What’s new? Torus Kling Blockchain, a joint venture (JV) between Cosmea Financial Holdings and Kling Trading India, has signed a cooperation agreement with the India International Exchange. The document aims to launch an ETF based on Bitcoin and Ethereum futures on the platform. It is reported by The Times of India.
Material on The Times of India website
What is known about the JV's plans? The Torus Kling Blockchain ETF will operate under the sandbox of the International Financial Services Centres Authority of India. If approved by the local regulators, the fund will be launched by the end of the first quarter of 2022.
The discount certificates are also planned to be launched on the JV’s basis. They will track the performance of the securities of the companies oriented on the operation with the metaverses.
What did the CEO of Torus Kling Blockchain say? According to Krishna Mohan Meenavalli, the JV’s CEO, the ETF being launched is just the tip of the iceberg.
“Such ETFs allow trading through regular investment accounts, bypassing the hassle concerns that the crypto exchanges usually face.”
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$99 150
BTC
+0.95%
-
Ethereum
$3 279.24
ETH
-2.3%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
+21.52%
-
Dogecoin
$0.39902
DOGE
+3.15%
-
Cardano
$0.967934
ADA
+21.1%
-
Stellar XLM
$0.326873
XLM
+32.91%
-
Bitcoin Cash
$487.19
BCH
+0.48%
-
Polkadot
$6.33
DOT
+8.09%
-
Litecoin
$90.66
LTC
+1.86%