Indian Security Regulator Approves First ETF That Will Invest In Crypto Firms

The Securities and Exchange Board of India (SEBI) approved the Invesco CoinShares Global Blockchain UCITS ETF, making it a first of its kind in India. The said ETF in question offers exposure to global crypto and blockchain firm. The CoinShares ETF find holds investments in Canadian bitcoin miner Bitfarms, US crypto exchange Coinbase Global Inc., and the world’s biggest corporate crypto holder MicroStrategy Inc. These kinds of investment funds are quite common in the west but would be a first of its kind in India.