Summary
- Russian securities firm Finam announced plans to launch bonds based on BlackRock Bitcoin (BTC) spot ETF.
- Through these bonds, qualified Russian investors will be able to invest in Bitcoin spot ETFs, according to analysis.
- Finam added that they plan to launch bonds based on Ethereum (ETH) spot ETF as well.
According to cryptocurrency media CoinTelegraph on the 13th (local time), Russian securities firm Finam announced plans to launch structured bonds based on BlackRock's Bitcoin (BTC) spot ETF (IBIT).
This will enable qualified Russian investors to invest in Bitcoin spot Exchange-Traded Funds (ETFs), according to analysis.
Finam's IBIT bonds will be denominated in Russian rubles, with yields calculated based on the Russian bank's dollar exchange rate.
Finam added that "In addition to IBIT bonds, we plan to launch similar products based on Ethereum (ETH) spot ETFs."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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