Russia's largest securities exchange, the Moscow Exchange (MOEX), has launched futures trading for BlackRock's iShares Bitcoin Trust ETF (IBIT), which has now entered the global top 25 ETFs by assets under management (AUM).
According to the exchange's announcement, MOEX introduced a futures contract linked to IBIT on June 4.
This new investment product is only available to qualified investors, and MOEX plans to introduce qualification testing starting June 23.
The launch comes as IBIT enters the global top 25 ETFs by AUM, with Bloomberg's senior ETF analyst Eric Balchunas reporting its AUM has reached $72.4 billion.
The debut of IBIT futures trading on the Moscow Exchange is the latest crypto investment product launched in Russia since the central bank authorized financial institutions to offer crypto products to qualified investors in May.
Following the approval, major local commercial banks, including Sber and T-Bank (formerly Tinkoff Bank), have begun offering investment tools linked to cryptocurrencies like Bitcoin (BTC).
Despite this expansion, the Russian central bank remains cautious about direct crypto investments and continues to advise retail investors against participating in the digital asset market.
Due to products like IBIT ETF futures being available only to qualified investors, many retail investors feel disappointed with the latest developments in Russia's cryptocurrency landscape.
An unhappy observer commented on the DeCenter channel on Telegram: "This is not a real ETF from the U.S., just a copy. It won't have any impact on the crypto market at all."
Another commenter suggested they would prefer to trade cryptocurrencies directly on exchanges like Binance rather than trading crypto investment products on MOEX.
According to official MOEX data, as of May, the number of individuals with brokerage accounts on MOEX reached 36.9 million. Last month, at least 3.6 million people traded on the MOEX stock market, with 315,000 being qualified private investors.
Since its launch in January 2024, BlackRock's IBIT has been experiencing rapid growth. On June 3, the ETF entered the global top 25 by AUM, achieving this feat in just over a year.
Bloomberg's ETF expert Balchunas wrote on X on Tuesday: "At 1.4 years old, IBIT is the youngest ETF on the list, a ninth of the age of other ETFs."
He added: "It's like a baby playing with teenagers and twenty-somethings. This might be the craziest data for IBIT."
BlackRock's IBIT Bitcoin ETF has been breaking records since its historic launch in January 2024. In just three months, IBIT attracted nearly $15.5 billion in inflows, placing it among the top ten longest inflow records in ETF history.
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Original: “BlackRock Bitcoin (BTC) ETF futures debut in Moscow, ranks among the top 25 ETFs globally”
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