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Russian Retail Brokerage Finam Plans to Issue Notes Linked to BlackRock’s Bitcoin ETF
2025-02-13 15:05

Odaily News Russian retail brokerage Finam will launch an investment product linked to the BlackRock iShares Bitcoin Trust ETF (IBIT) on February 17, giving Russian qualified investors their first exposure to a spot Bitcoin ETF. Finam's upcoming IBIT bonds will be denominated in Russian rubles, and the yield will be calculated in U.S. dollar equivalent based on the exchange rate of the Russian Central Bank. If the price of the Bitcoin ETF at maturity is at least one basis point higher than the price at the time of product launch, investors will receive a U.S. dollar yield of up to 20%. (Cointelegraph)