$BTC Derivatives Moscow Exchange Launches #BlackRock IBIT Futures


#Russia's Moscow Exchange has introduced cash-settled $BTC futures contracts benchmarked to BlackRock's IBIT exchange-traded fund.


The contracts are quoted in U.S. dollars but settled in Russian rubles, with the first expiration date set for September 2025.


Only accredited investors can access the derivatives, following recent Bank of Russia guidance allowing #crypto exposure for qualified participants.


The launch coincides with #Sberbank's plans to offer structured bonds tied to cryptocurrency price movements.


Russian authorities are developing a government-backed crypto trading platform for professional investors despite ongoing retail restrictions.


The futures are structured as derivative contracts rather than direct trading of actual #ETF shares themselves.


This setup allows MOEX to offer exposure to IBIT's $BTC price tracking without directly trading U.S.-listed securities.


Russia's central bank is reportedly developing comprehensive $BTC infrastructure for institutional players despite continuing regulatory hurdles in Russia.

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June 04, 2025 at 6:10 PM
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