Reserve

United

Bitcoin

Spot

<ul class="news-points"> 
 <li>Rich Indians are investing in spot BTC ETFs using their yearly remittance quotas.</li> 
 <li>The Central Bank of India has warned investors against trading cryptocurrencies.</li> 
 <li>Vested Finance has witnessed buy volumes exceeding $5.3 million.</li> 
</ul> 
Spot Bitcoin Exchange-Traded Funds (ETFs), approved on January 10 in the United States, have lured wealthy Indians who are making use of their yearly remittance quotas to trade these funds, irrespective of the country’s central bank’s warning against digital assets. 
According to a report from <a href="https://www.bloomberg.com/news/newsletters/2024-04-09/wealthy-indians-trade-bitcoin-etfs-using-local-remittance-quotas" target="_blank" rel="nofollow">Bloomberg</a>, affluent Indians are leveraging the Reserve Bank of India’s Liberalized Remittance Scheme (LRS), which allows citizens to remit up to $250,000 annually, seizing the opportunity to diversify their portfolios and gain exposure to cryptocurrencies. 
Platforms like Vested Finance, catering to Indian investors seeking overseas investment opportunities, have witnessed a surge in demand for Bitcoin ETFs. With trading volumes exceeding $5.3 million, predominantly fueled by buy orders, it’s evident that there’s a strong appetite for these ETFs among Indian investors. 
It is importa…
The post <a href="https://coinedition.com/spot-bitcoin-etfs-lure-rich-indian-investors-report/">Rich Indians Are Being Lured by the United States’ Spot Bitcoin ETFs&nbsp;</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Rich Indians Are Being Lured by the United States’ Spot Bitcoin ETFs

Coin Edition

发布于 2024年4月10日的其他文章

Bitcoin To Slump To Below $20K By The End Of The Year, Say A Third Of Consumers In Deutsche Bank ...

Uniswap VS SEC: Uniswap Receives Wells Notice From SEC

Worldcoin Issues New Updates; Measures to Build Trust and Transparency

Germany’s Trust In Cryptocurrencies Is Back; Surveyed By KPMG

Hong Kong is reportedly set to approve first spot Bitcoin ETF by mid-April

Cat In A Dogs World Price Prediction: MEW Dives 14% As This New Sloth-Themed Meme Coin Offers Las...

订阅我们免费的电子期刊，获取每日最新加密领域动态！