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India Securities Regulator Greenlights First Crypto-Related ETF

India’s securities regulator, the Securities and Exchange Board of India (SEBI) greenlights the first ETF. Of course, it permits investments in cryptocurrency companies.

Furthermore, Local media outlets reports that the securities regulator greenlights the Invesco’s CoinShares Global Blockchain ETF Fund.

Additionally, The fund invests in many top companies in the crypto space. For example, Coinbase, Bitfarms, SBI Holdings, and MicroStrategy.

More so, The fund is doing well though out the past year, with a one-year return of 89.52%.

Furthermore, Invesco notes it’s optimistic about the future of the asset class, explains.

“As blockchain technology is still in its early days, the potential for changing the global…”
“economy is immense. Like the internet, blockchain presents an opportunity for…”
“investors who can capture this hidden potential.”

Lastly, CoinShares also acquires the ETF arm of Elwood Technologies. Which is, a London-based fintech firm building digital assets trading system for institutional investors.

Then, The two entities goes in partnership to launch Invesco Elwood Global Blockchain UCITS ETF (BCHN).

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.