News From Press Explainer: Why spot bitcoin ETF approval by US SEC matters to Indian crypto investors

Explainer: Why spot bitcoin ETF approval by US SEC matters to Indian crypto investors

Source: Moneycontrol Jan 12, 2024

The Securities Exchange Commission (SEC) approving the spot bitcoin exchange-traded funds (ETFs) in the US has opened a new route for Indians to invest in crypto assets, which offers them taxation benefits as well, according to industry experts.

The US capital markets regulator approved 11 spot bitcoin ETFs, including those by BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity and Invesco on January 10.

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