CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,247.00
  • ethereum
    ETH$1,597.38
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Bitcoin And Ethereum Futures ETF To Arrive In India

    Bitcoin And Ethereum Futures ETF To Arrive In India

    Author: Andrew Throuvalas

    Last Updated Jan 13, 2022 @ 19:44

    India could be launching its first Bitcoin ETF, signaling a major turn away from its intention to ban the asset in November.

    Through a memo of understanding, Torus King Blockchain IFSC recently partnered with India INX to launch India’s first Bitcoin and Ethereum ETF product. This is the first Bitcoin futures ETF to premier outside of the United States.

    An Indian Crypto ETF

    As reported by The Economic Times, the ETF will launch under the International Financial Services Centres Authority (IFSCA)’s sandbox structure.

    Torus will be responsible for providing liquidity to India INX using smart order routing. The ETF is set to be distributed through the Torus global distribution team.

    “This is a part of our product innovation initiative to benchmark offerings with other international financial centres,” said Mr. V. Balasubramaniam, Managing Director & CEO at India INX. “We will be launching products in these new-age assets in compliance with the prevailing laws after receiving all required post regulatory approvals”.

    The ETF launch will also be accompanied by Metaverse U.S.-listed large-capitalization discount certificates. A discount certificate is a short-term debt obligation issued at a discount to the market rate, usually by organizations with a high credit rating.

    Torus plans to launch the ETF in GIft City by the end of the Fiscal year, in compliance with IFSCA regulations.

    ADVERTISEMENT

    India’s Approach: Ban or No Ban?

    The announcement may appear surprising given India’s history of hostility towards cryptocurrency. However, the country has recently begun reconsidering its outright ban on the technology, possibly opting for regulation instead.

    Launching such an ETF would, surprisingly, put India in the same position as the United States on fund approval. While having launched a highly popular Bitcoin Futures ETF in October, the SEC is yet to approve a spot ETF out of investor protection concerns. Since inception, that ETF happens to have performed worse than almost any ETF in history when measured two months after launch.

    Reports received by The Economic Times suggest that global derivatives trading volume amounts to $3.2 in the crypto markets. Meanwhile, spot crypto markets account for $2.7 trillion in trading volume.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • InvescoBitcoin
      Invesco Launches Bitcoin Spot ETP With German Stock Market Operator
    • Singapore
      Fintonia Launches Two Bitcoin Funds For Professional Investors in Singapore
    • institutions_cover
      Is Direxion’s Short Bitcoin Futures Product A Daring Move?
    Tags: Bitcoin Bitcoin ETF Ethereum India
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Andrew Throuvalas
    More posts by this author

    Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013, but began diligently studying the blockchain technology and its economic implications in 2017. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.
    Contact: Medium | LinkedIn | Twitter

  • bitcoin
    BTC$23,247.00
  • ethereum
    ETH$1,597.38
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!