Russian brokerage Finam will offer structured notes tied to BlackRock’s Bitcoin ETF, targeting qualified investors amid unclear crypto regulations in Russia.
Russian retail brokerage Finam is set to launch investment products tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT), giving qualified investors in Russia exposure to spot Bitcoin ETFs for the first time.
Finam will start offering structured notes based on BlackRock’s iShares Bitcoin Trust ETF (IBIT) on Feb. 17, the company’s head of innovative products, Anton Dorodnev, told Cointelegraph.
The new investment product exclusively targets qualified investors in Russia and will be one of the first IBIT-based structured notes with a six-month maturity period, Dorodnev said.
