2 days ago
Moscow Exchange (MOEX), Russia’s largest banal exchange, has launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), arsenic the money climbs into the world’s apical 25 ETFs by assets nether absorption (AUM).
MOEX introduced a futures declaration tied to IBIT connected June 4, according to an authoritative announcement by the exchange.
The caller concern merchandise is accessible exclusively to accredited investors, with MOEX expecting to present qualification investigating from June 23, the announcement states.
The motorboat comes arsenic IBIT entered the database of apical 25 ETFs by assets worldwide, with an AUM of $72.4 billion, according to Bloomberg’s elder ETF expert Eric Balchunas.
Multiple crypto products debut successful Russia
Moscow Exchange’s IBIT futures trading debut is the latest crypto concern merchandise motorboat successful Russia since the Bank of Russia officially authorized fiscal institutions to connection crypto products to qualified investors successful May.
Following the greenlight, large section commercialized banks, including Sber and T-Bank (formerly Tinkoff Bank) person started offering concern tools tied to cryptocurrencies similar Bitcoin (BTC).
Despite this expansion, the Russian cardinal slope remains cautious astir nonstop crypto investments and continues to counsel against retail information successful integer plus markets.
Retail investors not happy
Since products similar IBIT ETF futures are lone disposable to accredited investors, galore retail investors are unimpressed by the latest crypto developments successful Russia.
“Not existent ETFs from the US, conscionable a copy. Which does not impact the crypto marketplace successful immoderate way,” 1 disgruntled perceiver commented to the quality connected the DeCenter transmission connected Telegram.
Another commentator hinted that they’d alternatively straight commercialized cryptocurrencies connected exchanges similar Binance than crypto concern products connected MOEX.
According to authoritative MOEX data, the fig of individuals with brokerage accounts connected MOEX amounted to 36.9 cardinal arsenic of May. Last month, astatine slightest 3.6 cardinal radical made transactions connected the MOEX banal market, with 315,000 individuals representing qualified backstage investors.
IBIT cements presumption among ETF giants
BlackRock’s IBIT has continued its meteoric emergence since its motorboat successful January 2024. On June 3, the ETF entered the planetary apical 25 database by assets nether management, a feat achieved successful conscionable implicit a year.
“At 1.4 years old, IBIT is the youngest connected the database by 9 times,” Bloomberg’s ETF adept Balchunas wrote connected X connected Tuesday.
Related: BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever
Top 25 biggest ETFs arsenic of June 3, 2025. Source: Eric Balchunas“It’s similar an babe hanging retired with teenagers and twenty-somethings. Quite perchance the astir insane IBIT stat yet,” helium added.
BlackRock’s IBIT Bitcoin ETF has been repeatedly breaking records since its historical motorboat successful January 2024. In conscionable 3 months aft launch, IBIT raked successful astir $15.5 cardinal of inflows, which placed it among the apical 10 longest inflow streaks for immoderate ETF successful history.
Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s archetypal BTC buy: Hodler’s Digest, May 25 – 31
English (US) 