The Bank of Russia is not prepared to permit a ETF to trade on the local market, said Bank of Russia head Elvira Nabiullina during a press conference.
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On Tuesday, October 19, on the New York Stock Exchange began trading the first US ETF based on Bitcoin futures from ProShares. The ETF’s turnover on the first trading day nearly reached $1 billion, marking the second debut in trading activity.
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On Friday, October 22, the Nasdaq stock exchange began trading a Bitcoin futures ETF from Valkyrie Investments.
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Also, the trading of a Bitcoin ETF from VanEck is expected to commence in the coming days.
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The Bank of Russia has consistently expressed skepticism toward cryptocurrencies and related instruments.
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Earlier, the Bank of Russia said that major economies would not legalize Bitcoin, and they were “categorically against” crypto assets.
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The regulator recommended that exchanges should not allow trading of instruments tied to cryptocurrencies, and stated that it will not facilitate access by non-qualified investors to Bitcoin.
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