A new way to profit from the growth of Bitcoin without directly buying cryptocurrency will soon appear on the Russian market. Finam will soon present a six-month structured bond with double capital protection to qualified investors. The underlying asset of this bond will be a Bitcoin ETF, which is a spot exchange-traded fund.
On February 12, the price of Bitcoin fell below its historical maximum of $100,000 and is about $95,000. However, over the past year, the price of the most popular cryptocurrency has more than doubled.
According to TrandingView, there are currently 11 Bitcoin ETFs available. Finam uses the iShares Bitcoin Trust ETF (IBIT), launched by BlackRock in the summer of 2023. Over the past year, this ETF has grown by more than 80%.
In the future, Finam plans to launch a product linked to the Ethereum altcoin ETF, according to Anton Dorodnev, Head of Innovative Products and Financial Engineering at Finam.
In November 2024, when the value of Bitcoin increased significantly, the demand for cryptocurrency mining equipment increased significantly in Russia. According to sellers and mining companies, sales volumes have increased two to three times compared to previous months.
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