Moscow Stock Exchange to Launch Cryptocurrency Index Fund

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On June 26, Vladimir Krekoten, CEO of the Moscow Exchange (MOEX), stated that after officially listing Bitcoin Futures on June 4, the exchange is accelerating plans to launch additional crypto-related derivative products. These include Bitcoin index-based Futures Contracts, crypto index funds, and structured bonds.

Mr. Krekoten emphasized that strong investor interest has driven the exchange to accelerate the launch of new investment tools related to digital assets. Currently, MOEX is working with asset management companies to develop crypto index funds and structured bonds based on cryptocurrencies, with plans to implement them upon receiving regulatory approval.

Notably, the exchange has also developed and implemented a new Bitcoin index to serve as the underlying asset for derivative products, with the calculation system officially put into use since June 10.

According to statistics, the exchange's first Bitcoin Futures Contract (linked to BlackRock's Bitcoin ETF IBIT and settled in rubles) has reached a total trading volume of 7 billion rubles (approximately $89.45 million) in just three weeks since listing. This product has attracted over 10,000 qualified investors, demonstrating a strong investment demand for crypto-related financial products in Russia.

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