In a latest development, Russian brokerage Finam plans to offer structured notes linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT), aimed at qualified investors, despite unclear crypto regulations in Russia.
This move will give qualified Russian investors their first chance to invest in spot Bitcoin ETFs.
Finam will begin offering structured notes based on BlackRock’s iShares Bitcoin Trust ETF (IBIT) on February 17, according to Anton Dorodnev, the company’s head of innovative products. These notes will be available exclusively to qualified investors in Russia and will have a six-month maturity period.
Finam had previously allowed Russian clients to invest in BlackRock’s IBIT ETF through its platform, marking progress toward more crypto-linked investment options in the country.
