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India’s first Bitcoin and Ethereum Exchange-Traded Funds (ETFs) On The Anvil

Torus Kling Blockchain IFSC, a joint venture between Cosmea Financial Holdings and Kling Trading India, has joined hands with India INX to establish India’s first Bitcoin and Ethereum futures exchange-traded funds (ETFs). These will be first Bitcoin and Ethereum ETFs outside the US.

India INX will be the trading platform, Cosmea Financial Holdings will be the distributor, while Kling Trading will be the technology partner. BSE’s international arm, India INX, began trading in 2017 and is India’s first international exchange to be established at the GIFT IFSC, as per the press statement.

“Exchange trade products allow trading through regular investment accounts, bypassing the hassle and security concerns of cryptocurrency exchanges,” says Krishna Mohan Meenavalli, CEO, Torus Kling Blockchain IFSC.

“India INX at GIFT IFSC is looking at exploring the launch of digital asset-based products and has already made an application to IFSCA…

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