SIX Swiss Exchange · ETF
Invest in BITC ETF from India
Indian and foreign residents can buy CoinShares Bitcoin ETP (BITC) units directly through Paasa.
By Paasa · Updated
BITC at a glance
- Price
- CHF 66.61-CHF 0.36 (0.54%)
- Expense ratio
- 0.15%
- Day range
- CHF 66.61 – CHF 67.29
- Assets
- CHF 1.5B
- Domicile
- the UK
- Holdings
- —
- Launched
- 2021
- Dividends
- —
- 1 month
- +7.71%
- 6 months
- +38.68%
- YTD
- +5.75%
- 1 year
- -17.66%
- 5 years
- +109.60%
Price change, excluding dividends.
Top holding
- 1Bitcoin100.0%
These 1 are 100.0% of the fund.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| BRRRNASDAQCoinShares Bitcoin ETF | 0.25% | 476.4M |
Assets are shown in each fund's own reporting currency.
How to invest in BITC from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CHF when you buy.
Step 3
Search BITC and buy
Find the fund by its ticker, BITC, on the SIX Swiss Exchange, and place your order.
Why invest in BITC from India
What BITC holds
This product is designed to offer investors a means of investing in Bitcoin without having to acquire Bitcoin themselves and to enable investors to buy and sell exposure to Bitcoin by trading of a security on a regulated European stock exchange.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy BITC from India?
Yes. Indian residents can buy CoinShares Bitcoin ETP (BITC) through Paasa. It is listed on the SIX Swiss Exchange and trades in CHF. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does BITC invest in?
Its largest holding is Bitcoin (100.0%). The fund is domiciled in the UK.
What is the expense ratio of BITC?
CoinShares Bitcoin ETP has an expense ratio of 0.15% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 1.5B.
What tax do I pay in India when I sell BITC?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CHF/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.