Moscow Stock Exchange Lists BlackRock’s Bitcoin ETF (IBIT)
The Moscow Exchange (MOEX) has launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT). The announcement marks a significant milestone as Russia opens up new investment opportunities related to cryptocurrencies, though access is restricted to accredited investors.
On the Moscow Exchange, the Bitcoin futures contracts will be connected to the IBIT ETF, a product that tracks changes in Bitcoin prices. Many retail traders prefer directly trading Bitcoin on exchanges like Binance over participating in Bitcoin-related futures products.
Banks such as Sberbank and T-Bank have already introduced their Bitcoin futures and structured products tied to Bitcoin’s price movements. These futures contracts, including those linked to BlackRock’s Bitcoin ETF, provide investors with a pathway to gain exposure to Bitcoin’s price fluctuations, albeit with limited accessibility.