SIX Swiss Exchange · ETF
Invest in CBTC ETF from India
Indian and foreign residents can buy 21Shares Bitcoin Core ETP (CBTC) units directly through Paasa.
By Paasa · Updated
CBTC at a glance
- Price
- CHF 16.67+CHF 0.00 (0.01%)
- Expense ratio
- 0.1%
- Day range
- CHF 16.47 – CHF 17.00
- Assets
- CHF 615.0M
- Domicile
- Switzerland
- Holdings
- —
- Launched
- 2022
- Dividends
- —
- 1 month
- +10.92%
- 6 months
- +31.07%
- YTD
- -0.70%
- 1 year
- -22.46%
- 5 years
- —
Price change, excluding dividends.
Top holding
- 1Bitcoin100.0%
These 1 are 100.0% of the fund.
How to invest in CBTC 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 CBTC and buy
Find the fund by its ticker, CBTC, on the SIX Swiss Exchange, and place your order.
Why invest in CBTC from India
What CBTC holds
The 21Shares Bitcoin Core ETP, listed on the SIX Swiss Exchange, is a physically-backed exchange-traded product issued by 21Shares AG that seeks to provide investors with direct and cost-efficient exposure to Bitcoin (BTC). Launched on June 28, 2022, CBTC tracks the BTC/USD exchange rate and is 100% collateralised by actual Bitcoin holdings stored in cold storage by institutional-grade custodians.
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 CBTC from India?
Yes. Indian residents can buy 21Shares Bitcoin Core ETP (CBTC) 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 CBTC invest in?
Its largest holding is Bitcoin (100.0%). The fund is domiciled in Switzerland.
What is the expense ratio of CBTC?
21Shares Bitcoin Core ETP has an expense ratio of 0.1% a year, taken from the fund's assets rather than billed to you. The fund manages about CHF 615.0M.
What tax do I pay in India when I sell CBTC?
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.