Indian Private Bank Planning to Invest in U.S. Bitcoin ETF
One of India’s leading banks is planning to invest in U.S. Bitcoin ETF. One of the Bank’s directors told our reporter “We must adapt to changing markets.”
As per current Indian Crypto regulations, it’s a brave move to invest in U.S. Bitcoin ETF and because of that right now they don’t wanna disclose their identity.
Bitcoin ETFs allow investors to track Bitcoin price changes in their investment portfolio without owning Bitcoin directly. As a result, they have become more popular in the wider investment industry. This popularity has contributed to the increase in Bitcoin’s value; earlier this year, Bitcoin reached a record high of $73,000.
In January, the SEC authorized the listing and trading of spot Bitcoin ETFs on U.S. exchanges.
