Russia to launch bitcoin investment tool

Russian brokerage Finam will soon offer qualified investors a six-month structured bond with double capital protection linked to Bitcoin ETF (spot exchange-traded fund).

 Bitcoin has now dropped below the historical level of $100,000 (about $95,000 as of February 12), while over the past year, the price of the most popular cryptocurrency has doubled. According to TrandingView, there are 11 Bitcoin ETFs now. Finam uses the iShares Bitcoin Trust ETF (IBIT), launched by BlackRock in the summer of 2023. Over the past year, it has grown by more than 80%.   

In the future Finam plans to launch an Ethereum-linked ETF product, said Anton Dorodnev, Head of Innovations and Financial Engineering at Finam.

 

Source: Vedomosti

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