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On February 13, Cointelegraph reported that the Russian retail brokerage firm Finam will launch an investment product linked to the iSharesBTC Trust from BlackRock ETF on February 17, allowing accredited investors in Russia the opportunity to deal with the first BTC ETF. Finam's upcoming IBIT bonds will be priced in Russian rubles, and the return will be calculated based on the exchange rate set by the Russian Central Bank in dollars. If the price of the BTC ETF at the bond's expiration is at least one basis point higher than the launch price, investors will receive a return in dollars of up to 20%. The minimum investment amount is 200,000 rubles, approximately $2,200 at the time of writing this article. The brokerage commission is 1% in rubles. Additionally, Finam also plans to launch more similar products linked to digital currency ETFs.
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