Moscow Exchange (Moex), Russia’s largest stock exchange, launched Futures Trading for Blackrock’s Ishhares Bitcoin Trust ETF (IBIT), as the funds climbed to the top 25 ETF worldwide of assets under Management (AUM).
Moex introduced a contract with Futures tied to Ibit on June 4, According to to an official exchange announcement.
The new investment product will be accessible exclusively to accredited investors, with Moex expected to introduce the qualification test from June 23, the announcement states.
The launch arrived as Ibit entered the list of top 25 ETFs through the owners worldwide, with an AUM of $ 72.4 billion, according to Bloomberg’s senior analyst Eric Balchunas.
Multiple Crypto Debut Products in Russia
Ibit Futures debut of Moscow Exchange has been the latest launch of a crypto investment product in Russia since the Bank of Russia officially has been officially Authorized financial institutions to offer crypto products to qualified investors in May.
Following Greenlight, major local commercial banks, including Sber and T-Bank (former Tinkoff Bank) have began to offer investment tools Tied to cryptocurrencies such as Bitcoin (Btc).
Despite this expansion, the Russian Central Bank remains careful about the direct investment of the crypto and continues to advise against retail participation in the digital asset markets.
Retail investors are not happy
Because products such as Ibit ETF Futures are only available to accredited investors, many investors who are not restrained by the latest crypto development in Russia.
“Not real ETFs from the US, just a copy. That does not affect the crypto market in any way,” a disgruntled observer Commented In the news on the Decenter channel on Telegram.
Another commentator Hinted That they would rather directly exchange cryptocurrencies replace like binance than crypto investment products in Moex.
According to In Moex’s official data, the number of individuals with broker accounts in Moex reached 36.9 million to May. Last month, at least 3.6 million people made transactions to the Moex stock market, with 315,000 individuals representing qualified private investors.
The position of ibit cements in giant ETFs
Blackrock’s Ibit has continued to increase the meteoric since its launch in January 2024. On June 3, the ETF entered the global list of Top 25 of assets under management, a feat achieved in just one year.
“At 1.4 years old, Ibit is the youngest on the list of nine times,” Bloomberg’s ETF expert Balchunas wrote on X on Tuesday.
Related: Bitcoin ETF ends Blackrock’s 31-day outflow with the greatest flow ever
“It’s like a baby hanging out with teenagers and twenty-a-day. It’s probably the most discouraging to get stat,” he added.
Blackrock’s ibit Bitcoin ETF has been Repeat -breaking the records Because of this Historical launch in January 2024. In just three months after launch, Ibit raked at about $ 15.5 billion flowingThat put it in the top 10 longest flows for any ETF in history.
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