Moscow Exchange Launches Bitcoin Futures Trading

On June 4, the Moscow Exchange commenced trading futures on shares of the iShares Bitcoin Trust ETF by BlackRock, according to platform data.

The product, under the ticker IBIT, is quoted in US dollars, with settlements made in Russian rubles.

Trading is available exclusively to qualified investors. The first series of contracts will expire on September 19.

At the time of writing, nearly 6,000 transactions have been executed within a price range of $61.09 to $65.

According to SoSoValue, the assets under management of the Nasdaq-listed fund exceed $70 billion. As of the session on June 3, the closing price was $60.4.

Earlier this month, “Sber” announced the launch of bitcoin bonds. The instrument is available to qualified investors on the over-the-counter market.