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Indian Security Regulator Approves First ETF That Will Invest In Crypto Firms

The Securities and Exchange Board of India (SEBI) approved the Invesco CoinShares Global Blockchain UCITS ETF, making it a first of its kind in India. The said ETF in question offers exposure to global crypto and blockchain firm. The CoinShares ETF find holds investments in Canadian bitcoin miner Bitfarms, US crypto exchange Coinbase Global Inc., and the world’s biggest corporate crypto holder MicroStrategy Inc. These kinds of investment funds are quite common in the west but would be a first of its kind in India.
“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,” Invesco MF said in the product document.
Indian government’s stance on crypto regulation is still not clear, but recent speculations indicate that positive regulations might be on the cards given the recent rise in popularity of the crypto market and t

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