Moscow Exchange (MOEX), Russia’s largest stock exchange, has launched futures trading for iShares Bitcoin Trust ETF (IBIT) from BlackRock.
According to a senior Bloomberg analyst, ETF Eric Balchunas, the launch of IBIT took place immediately after the spot Bitcoin- the fund entered the list of 25 largest ETF by assets in the world with total assets of $72,4 billion.
IBIT, which is 1,4 years old, is nine times younger than all the others on the list, Balchunas wrote.
The new investment product is available exclusively to accredited investors. This is probably why most market participants were not impressed by this debut.
These are not real ETF from the US, but simply a copy. It does not affect the cryptocurrency market in any way, one of them commented on the news.
Another commenter hinted that they would prefer to trade cryptocurrencies directly on exchanges such as Binance, and not crypto investment products on the Moscow Exchange.
According to official data from Moscow Exchange, there are more than 36,9 million brokerage accounts registered on the platform. Last month, at least 3,6 million people made transactions, of which 315,000 were qualified investors.
