"Finam Pioneers: First Spot Bitcoin ETFs for Russian Investors"

Russian brokerage Finam is set to offer structured notes linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT), providing qualified investors in Russia with their first opportunity to invest in spot Bitcoin ETFs. The move comes despite the unclear regulatory environment for cryptocurrencies in Russia.

Finam will commence offering these structured notes on February 17, with a six-month maturity period. The notes will be exclusively available to qualified investors in Russia. Anton Dorodnev, the head of innovative products at Finam, confirmed the development.

This latest offering builds on Finam’s previous move to allow Russian clients to invest in BlackRock’s IBIT ETF through its platform, signaling a step forward in the expansion of crypto-linked investment options in the country.