Moscow Exchange (MOEX) announced the launch of futures contracts tied to the ISHHARES EThereum Trust (ETHA), focused on the cryptocurrency Ethereum. According to the exchange of exchanges, the calculations of the new contracts will be performed by new contracts will be performed In Russian rubles, and the quotation is in US dollars for one fund of the fund. The volume of the contract will be slightly lower compared to the current futures for the ISHHARES BITCOIN TRUST (IBIT) Foundation, the auction was started on June 10.
moex clarified that exclusively qualified investors will receive access to the new tool in accordance with the standards of the Central Bank of Russia. part of the expanding line of derivatives for foreign instruments for foreign ETF.
Along with cryptocurrency funds, the exchange plans to launch in the near future to launch futures on the debt ETF of the United States, including ISHHARES 20+ Year Treasury Bond (TLT), as well as the promotions of Chinese technological companies Tencent and Xiaomi.
Interest in cryptocurrencies in Russia intensified against the background of changes in legislation. In August 2024, President Vladimir Putin signed a decree legalizing the use of cryptocurrencies in international calculations and in the foreign exchange market as part of an experimental legal regime.