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.