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.