The Moscow Exchange announces the launch of Bitcoin futures linked to the BlackRock ETF, marking a significant development for the crypto market in Russia.
Launch of Bitcoin Futures
The Moscow Exchange (MOEX) is set to initiate trading in Bitcoin futures tied to the BlackRock iShares Bitcoin Trust ETF starting June 4, 2025. This offering is limited to qualified investors.
Terms of Futures Trading
The new product will be exclusively available to qualified investors. It will settle in rubles with a quarterly expiry.
Impact on the Russian Crypto Market
The launch may significantly influence financial participation and regulatory compliance within the Russian market. Currently, general investors are excluded from this offering due to regulatory requirements, highlighting the need for clearer regulations.
The strategic move by the Moscow Exchange to introduce Bitcoin futures could enhance market confidence and pave the way for cryptocurrency regulation in Russia.