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Author Topic: Is it possible to launch a Bitcoin ETF in NSE/BSE ?  (Read 2766 times)
BitCoinDream
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June 17, 2015, 06:24:05 AM
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No. I am not day dreaming.

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June 17, 2015, 07:54:57 AM
 #2

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.


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btcxindia
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June 17, 2015, 10:42:15 AM
 #3

Yes ,its possible to launch in stock exchanges; if Bitcoin considers as an asset/commodity/security by regulatory bodies then you can launch in NSE/BSE.

ETF definition: An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.


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June 17, 2015, 10:49:06 AM
 #4

Yes ,its possible to launch in stock exchanges; if Bitcoin considers as an asset/commodity/security by regulatory bodies then you can launch in NSE/BSE.

ETF definition: An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.



You are forgetting, in India authority still not consider bitcoin as commodity/asset or security. So it's not possible till govt. clear their stand about BTC.


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btcxindia
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June 17, 2015, 12:19:26 PM
 #5

SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

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June 17, 2015, 09:19:09 PM
 #6

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.

SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

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June 18, 2015, 05:23:00 AM
 #7

No. I am not day dreaming.
No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.

SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Possible.

Btcxindia
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June 18, 2015, 12:28:20 PM
 #8

How the people, who will lock their bitcoins in creating the ETF fund, will be benefited ?

deadley
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June 18, 2015, 12:40:31 PM
 #9

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.


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polynesia
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June 19, 2015, 01:07:20 AM
 #10

If it does happen, it will be easier for people to invest in Bitcoins.

Approval won't be given unless there is more clarity on legal status/ regulations surrounding Bitcoin. If a BTC ETF is approved, it means tacit approvals for the use of Bitcoin in India.
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June 19, 2015, 05:20:06 AM
 #11

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.

Fund house has to registered with RBI as a NBFC; need not required permission from RBI.

You are true it will take at least 1 year to get it approval but creating the fund house is not a big deal for corporate houses.

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deadley
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June 19, 2015, 09:44:15 AM
 #12

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.

Fund house has to registered with RBI as a NBFC; need not required permission from RBI.

You are true it will take at least 1 year to get it approval but creating the fund house is not a big deal for corporate houses.

Because Corporate houses has contacts not everyone can create easily fund house. And other thing fund house need permission from RBI because RBI still did not clear their stand on BTC so no one allow to open ETF without RBI permission.


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BitCoinDream
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June 24, 2015, 01:57:52 PM
 #13

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.
You are confusing something here. BTC does not need to be listed anywhere for Bitcoin ETF to be launched. Bitcoins ETF needs to be recongnized as a legit fund/store of value by the authorities (may be RBI/SEBI in this case). Bitcoin ETN is already trading and Winklevoss twins are very close to have ETF on Nasdaq.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.
Coming from 0 to 15000 INR today was not easy either. Anything new will definitely face challenges. Those, who can overcome it, will reap the benefit. I saw a talk by Zee Network founder Subhash Chandra, where he said how many loops he has to go through to get the first Indian private satelite on orbit. Today he reaps the benefit of it.

AFAIK, Winklevoss twins are trying out ETF from 2012. So I'll be very happy if we can get approval within 1-3 years.

To take the Bitcoin ETF proposal seriously, the first thing we need to sort out is how much bitcoin is required to create the fund which would be good enough to approach SEBI/RBI. Next, we can co-ordinate accordingly.

deadley
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June 24, 2015, 02:30:34 PM
 #14

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.
You are confusing something here. BTC does not need to be listed anywhere for Bitcoin ETF to be launched. Bitcoins ETF needs to be recongnized as a legit fund/store of value by the authorities (may be RBI/SEBI in this case). Bitcoin ETN is already trading and Winklevoss twins are very close to have ETF on Nasdaq.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.
Coming from 0 to 15000 INR today was not easy either. Anything new will definitely face challenges. Those, who can overcome it, will reap the benefit. I saw a talk by Zee Network founder Subhash Chandra, where he said how many loops he has to go through to get the first Indian private satelite on orbit. Today he reaps the benefit of it.

AFAIK, Winklevoss twins are trying out ETF from 2012. So I'll be very happy if we can get approval within 1-3 years.

To take the Bitcoin ETF proposal seriously, the first thing we need to sort out is how much bitcoin is required to create the fund which would be good enough to approach SEBI/RBI. Next, we can co-ordinate accordingly.

We will not going to get permission for Bitcoin ETF in 1-3 years. That 1-3 years take permission for starting Fund Management Company.

After that real hurdle will come. Opening fund management company take 1-3 even if you fulfill all legality and pre-requisite qualification.
So think how much time will take to get  Bitcoin ETF permission. SEBI don't allow easily even for IPO. Taking permission for ETF is far biggest task.


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dashingriddler
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June 28, 2015, 03:36:48 AM
 #15

No. I am not day dreaming.

Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange.

I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'.


I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right.

P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI.
You are confusing something here. BTC does not need to be listed anywhere for Bitcoin ETF to be launched. Bitcoins ETF needs to be recongnized as a legit fund/store of value by the authorities (may be RBI/SEBI in this case). Bitcoin ETN is already trading and Winklevoss twins are very close to have ETF on Nasdaq.


SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.

Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then  we come to know the status.

I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen.

Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval.
Coming from 0 to 15000 INR today was not easy either. Anything new will definitely face challenges. Those, who can overcome it, will reap the benefit. I saw a talk by Zee Network founder Subhash Chandra, where he said how many loops he has to go through to get the first Indian private satelite on orbit. Today he reaps the benefit of it.

AFAIK, Winklevoss twins are trying out ETF from 2012. So I'll be very happy if we can get approval within 1-3 years.

To take the Bitcoin ETF proposal seriously, the first thing we need to sort out is how much bitcoin is required to create the fund which would be good enough to approach SEBI/RBI. Next, we can co-ordinate accordingly.

We will not going to get permission for Bitcoin ETF in 1-3 years. That 1-3 years take permission for starting Fund Management Company.

After that real hurdle will come. Opening fund management company take 1-3 even if you fulfill all legality and pre-requisite qualification.
So think how much time will take to get  Bitcoin ETF permission. SEBI don't allow easily even for IPO. Taking permission for ETF is far biggest task.

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June 28, 2015, 10:48:49 AM
 #16

So everyone believes it is very expensive and time-taking but not impossible.
Go for it BitcoinDream, though personally I can't see a need for it..

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June 30, 2015, 04:48:03 PM
 #17

How the people, who will lock their bitcoins in creating the ETF fund, will be benefited ?

No one knows the answer to my question ? How come the promoters of an ETF get benefited ? Please note that, I am not asking about the traders who'll trade that ETF. I am asking about the people, who lock their Gold/bitcoin in creating a Gold/bitcoin ETF.

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July 11, 2015, 04:38:31 AM
 #18

How the people, who will lock their bitcoins in creating the ETF fund, will be benefited ?

No one knows the answer to my question ? How come the promoters of an ETF get benefited ? Please note that, I am not asking about the traders who'll trade that ETF. I am asking about the people, who lock their Gold/bitcoin in creating a Gold/bitcoin ETF.

There are fund management charges (although very low).
So if a lot of people invest in the fund, the people who run the fund benefit.
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July 17, 2015, 07:09:53 PM
 #19

So everyone believes it is very expensive and time-taking but not impossible.
Go for it BitcoinDream, though personally I can't see a need for it..

To take the Bitcoin ETF proposal seriously, the first thing we need to sort out is how much bitcoin is required to create the fund which would be good enough to approach SEBI/RBI. Next, we can co-ordinate accordingly.

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