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Moscow Exchange to Launch Ethereum Futures Index Fund
Summary: According to reports from Russian media RBC, the Moscow Exchange (MOEX) plans to launch an index fund tracking Ethereum (ETH) futures in August 2024. The fund will be based on the iShares Ethereum Trust ETF operated by BlackRock, with contract size slightly smaller than the iShares Bitcoin Trust ETF (IBIT). The fund's pricing will be ...
According to reports from Russian media RBC, the Moscow Exchange (MOEX) plans to launch an index fund tracking Ethereum (ETH) futures in August 2024. The fund will be based on the iShares Ethereum Trust ETF operated by BlackRock, with contract size slightly smaller than the iShares Bitcoin Trust ETF (IBIT). The fund's pricing will be based on the price of one share, with contracts settled in rubles. The exchange previously launched its first Bitcoin futures contract in June 2023 and plans to introduce more cryptocurrency-related products, including mutual funds and structured bonds focused on cryptocurrency indices, pending regulatory approval. Additionally, the Moscow Exchange also plans to introduce futures contracts tracking US government bonds, with the underlying asset being the iShares 20+ Year Treasury Bond ETF (TLT). The exchange's interest in cryptocurrency continues to grow, with plans to further expand its product line in the future.
