Russian investment company Finam has announced the launch of a new structured bond linked to BlackRock's Bitcoin ETF. The product is aimed at qualified investors and includes capital protection mechanisms.
New Bond by Finam
Finam is launching a new bond with a six-month term denominated in rubles. Returns will be calculated in US dollar equivalents based on the Central Bank's exchange rate. The minimum investment is set at 200,000 rubles and includes a 1% brokerage fee.
Capital Protection Mechanism
The bond includes a capital protection feature. If the price falls up to 30%, the investor receives back their invested capital. In cases of stronger corrections, the loss calculation is based not on the initial price but on the protective barrier set at 70% of the structured bond's initial value.
New Initiatives and Future Plans
Finam has outlined several potential risks associated with the product, including the possibility of no returns, reduced market liquidity, unfavorable market conditions, and default risk. The company's plans include expanding its cryptocurrency-linked offerings, with a future product tied to an Ethereum ETF.
The cryptocurrency investment landscape continues to evolve, and companies like Finam aim to expand their cryptocurrency-linked product offerings, providing investors with various means to protect their funds.
