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.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Multi-year health cover offsets rising premiums

New surrender value norms: Life insurers turn to policies with high value

Unifi Asset Management gets SEBI nod for mutual fund operations

As market indices continue to slide, should mutual fund investors halt their SIPs for the time being?

Liquid funds: Go for fund with large AUM, high credit quality and low cost

MFs buy renewables, cement and pharma in October

Active equity mutual funds' cash holdings top May 2023 highs

Market chaos: Equity funds that have corrected the most since September peaks

Will my old disease be covered if the cured period is over three years?

Equity mutual fund schemes keep powder dry amid volatile markets

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

1 Comment

hannah SMITH SMITH · 4 months ago `

My Name is HANNAH from the United States, I want to say thank you to Mr Bernie doran for the good thing he has done for me, Though am not sure if this is the best forum to show my joy and happiness for what he has done for me but i can’t hide my happiness and my joy so i have to share it with people. This is unbelievable, at first I never actually built any interest in this Binary/Forex trading of a thing but when I later gave it a try with the Help of this wonderful Expert Trader Bernie doran it was a successful trade for me. All i did was to invest $2000 into my first trading and to my greatest surprise, I received a huge amount of $25,520 as profit in 7 days of trading... Mr bernie doran was the trader that made it possible for me and changed my life and he is still doing it all for me.. You want to be happy and be free like me do well to reach out to him via Gmail: berniedoransignals@gmail.com , Telegram: @ IEBINARYFX

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS