More than Rs 1 crore has been invested in Grayscale products till date through the Vested platform. Also, investors are not subject to the 1% TDS when they sell their holdings. When investors choose this route for crypto exposure, they do not have to pay a flat 30% tax on their crypto gains and are taxed according to their capital gains tax. Through Grayscale, the largest digital asset manager in the world, getting exposure to cryptocurrency is just like buying a US stock. Now, Vested premium users can also get indirect exposure to crypto-assets like Bitcoin, Ethereum, Litecoin, and others through investing in Grayscale securities. The ProShares Bitcoin Strategy ETF which enables investors to get exposure to Bitcoin, saw a 33% increase in buying volumes in Q2 2022 as compared to Q1 2022 after the 30% tax on crypto gains came into effect on 1 April. By the end of the June quarter, about 7,000 users had created over 11,000 DIY Vests on the platform. In March 2022, Vested launched Do-It-Yourself (DIY) Vests which lets users create their own portfolios and invest in them. The Vanguard S&P 500 ETF (VOO) which tracks the S&P 500 index, and the Invesco QQQ ETF (QQQ) which tracks the Nasdaq-100, are among the top ETFs traded on the platform. S&P 500: Will the bottom prediction by stock market strategists hold true?
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