Global crypto platform Mudrex launches US bitcoin ETFs for Indian investors

Y Combinator-backed global crypto investment platform Mudrex on Monday launched its US bitcoin Spot ETFs, or exchange-traded funds, for both institutional and retail investors in India.

Mudrex users can invest in Bitcoin spot ETFs with a minimum investment of $5,000 and a maximum of $250,000, after completing a know-your-customer (KYC) process. They can choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

The crypto platform will initially list four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard. Investors can choose between systematic investment plans (SIP) or lump-sum investments.


Founded in 2018 by Edul Patel, Alankar Saxena, Rohit Goyal and Prince Arora, Mudrex aims to make crypto accessible to the masses.

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“Seeing the increasing demand for bitcoin spot ETFs and user requests on our platform in the past few months, we have decided to launch it for Indian investors," said Patel, who is also the chief executive of Mudrex.

In January, the US Securities and Exchange Commission (SEC) granted approval to major asset managers, including BlackRock and Fidelity, for the first-ever US-listed ETFs that track the price of bitcoin.

In anticipation of the SEC approval, the price of bitcoin surged about 70% in the last three months of 2023. In 2024, the world's largest cryptocurrency has leapt, pushing past a market value of $1 trillion for the first time since its heyday in late 2021.