India's first crypto ETF to be launched by ex RCap CEO's blockchain firm

Aims $1 billion in assets under management by two years; will track large cap metaverse stocks too

Cryptocurrency
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Deepsekhar Choudhury Bengaluru
Torus Kling Blockchain IFSC, a company backed by former Reliance Capital CEO Sam Ghosh, said on Thursday that it will launch India’s first crypto exchange-traded fund (ETF) by the end of the current financial year. It aims to clock $1 billion of assets under management (AUM) within two years and will also track large-cap metaverse stocks in US and Europe markets.

Torus Kling Blockchain IFSC is a 50:50 joint venture between Sam Ghosh-promoted Cosmea Financial Holdings (CFH) and Kling Trading India. This bitcoin and ethereum Futures ETF will be the first crypto-backed futures ETF outside of the US.

The ETF

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First Published: Jan 13 2022 | 6:08 PM IST

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