Prospects of structured products with underlying cryptocurrencies gaining interest globally

The prospects of ETFs, fund of funds, hedge funds and other structured products with underlying crypto currencies are gaining interest globally leading to S&P Dow Jones launching its cryptocurrency indices in May.

But the success of financial investment products themed on cryptocurrencies in India will depend to a large extent on how the regulations in the country take shape.

In October, ProShares, an ETF service provider, launched its first bitcoin linked ETF in the US. Since its launch, the fund has mopped up $1.29 billion assets under by November 26.

“Crypto today is an emerging asset class and a lot of its prospects will depend on how the regulatory stance is taken in each country.