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Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

Indian cryptocurrency investment platform Mudrex plans to offer U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, CEO and co-founder Edul Patel said. In the first phase, Mudrex will list four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard. Mudrex, which is backed by Y-Combinator and based in California, has a subsidiary registered with the Intelligence Unit of India. It also has a toehold in the European Union, with licenses in Lithuania and Italy. The development is unprecedented because India's crypto regulatory environment is divided between the central bank, the RBI, and the government led by the Finance Ministry. 

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