Why Indian MFs Can’t Invest in Crypto Products

What are blockchain funds?

Blockchain is a digital ledger system that facilitates the process of recording transactions and keeping track of assets on a network. It is possible to have blockchain without crypto, but in practice the two are strongly interconnected. Cryptocurrency tends to power the resources needed for a public blockchain network. Unlike certain crypto-based investments, blockchain funds invest in multiple companies that generate sustainable profits from blockchain companies. Some key companies in this ecosystem are US-based Coinbase Global Inc and Advanced Micro Devices Inc, and Japanese GMO internet Inc.

Show full picture


Why did Sebi block blockchain funds?

The regulator’s concerns stem from unclear regulations on cryptocurrencies in India. While investing, trading and holding crypto assets is allowed in India as of now, the laws are not yet clear on how they will be regulated and taxed. There is a possibility that the government could ban crypto trading altogether or put strict thresholds in place for investors to deal with this new asset. For tax reasons, short-term capital gains (less than 36 months) from individual crypto investments are taxed at the personal tax rate, but there are no clear guidelines for fund investments.

Has an MF applied for blockchain fund?

The Invesco CoinShares Global Blockchain ETF Fund of Fund (FoF) had received approval from Sebi and would have been India’s first plan to offer exposure to global blockchain companies. The start was later postponed. Sachin Bansal’s Navi MF has also applied for a FoF blockchain index. The scheme will track the Indxx Blockchain Index, which comprises a total of 100 stocks.

How big are the global blockchain funds?

Amplify Transformational Data Sharing ETF (trading symbol, BLOK) is one of the largest exchange-traded blockchain funds in the United States with assets under management (AUM) of $ 1.4 billion. The exchange-traded fund has generated returns of over 49% on an annual basis. Ireland-based Invesco CoinShares Global Blockchain UCITS ETF, another large fund with around $ 1 billion in assets under management, has returned around 50% annually. By comparison, India’s small cap index is up around 60% this year.

Are Blockchain Funds a Good Investment?

Blockchain is best known as the technology that underpins cryptocurrencies like Bitcoin, Ether, as well as Dogecoin and Shiba Inu. But it’s much more than that, because technology creates value by revolutionizing the way assets and digital records are managed and transferred. Many companies, especially in the financial services space, are investing millions of dollars in researching and building blockchain infrastructures. Although the technology is still in its infancy in India, its potential across the board is enormous.

Subscribe to something Mint newsletter

* Please enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story again! Stay connected and informed with Mint. Download our app now !!

sudden porn ipornmovs.mobi tamil school sex videos
indian aunty x vedio stripmpegs.net neha nair nude
enema nhentai hentaifile.com nier atomata hentai
saxe store hindi bullporn.mobi sex mms site
www indianxvedios pornorolik.org gaysporn
jubaida flyporn.me auntsex
goo hentai hentaitgp.org pet transformation hentai
sex vedeos faphub.mobi shruti hassan porn video
xxxx videos indian indianpornfree.com telugu movies in torrentz2
xxx sex films indianauntyporn.net anu aggarwal nude
نيك اكس موفز gekso.mobi arab nar.com
oneesan hentai real-hentai.org haruhi hentai
www tamil six movie com gangstaporno.com xvi porn videos
hero hentai manga hosthentai.com hentai mom comics
قصص سكس اغتصاب محارم yourtubetop.com قصص نيك حموات