Asia’s 1st crypto ETF may roll out in GIFT City

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MUMBAI: Asia’s first cryptocurrency exchange-traded fund (ETF) could be launched in India’s GIFT City this year.
Torus Kling Blockchain IFSC, a joint venture between Mumbai-based Cosmea Financial Holdings and Hyderabad-based Kling Trading India, has signed an MoU (memorandum of understanding) with BSE’s international arm India INX to launch digital asset-based products, which will be traded in GIFT City’s IFSC (international financial services centre).
The development comes after the US securities regulator SEC in October 2021 allowed launch of a crypto futures ETF, the first such in the US. ETFs like these track returns from cryptocurrencies without investing directly in the digital tokens.

2022-01-13

The Torus Kling crypto futures ETF will be launched in a sandbox environment, which is under GIFT regulatory authority IFSCA. Such a sandbox allows regulated entities to launch and…

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