Moscow Exchange Launches Bitcoin Futures Linked to BlackRock ETF

The Moscow Exchange has launched Bitcoin futures contracts, marking a notable step in Russia's gradual acceptance of cryptocurrencies. Key details include:

Futures track the price of the BlackRock Bitcoin ETF with over $72 billion in assets.
Contracts priced in US dollars but settled in Russian rubles, allowing local traders to participate without using foreign crypto platforms.
Quarterly contracts set to expire in September 2025; only qualified investors, such as major banks and funds, can trade.
The Bank of Russia supports these products while advising caution against direct crypto trading for most firms.

This pricing model protects against foreign market volatility by allowing traders to lock in values based on Bitcoin while receiving settlements in rubles. Analysts view this as a strategic way for Russia to engage with the global cryptocurrency market without reliance on external platforms.

Moscow Stock Exchange Launches #Bitcoin Futures

Contracts will only be available to qualified investors, with the futures tied to the value of the iShares Bitcoin Trust ETF, quoted in US dollars, and settled in Russian rubles. (TASS)

— RT_India (@RT_India_news) June 4, 2025

Additionally, Sberbank is developing structured bonds linked to Bitcoin prices, available for select clients and trading in rubles, eliminating the need for cryptocurrency wallets.

The cautious approach of the Bank of Russia aims to manage risks associated with digital asset investments while allowing selected entities access to new financial instruments.