Moscow exchange will launch Ether futures index fund

CoinVoice has learned that, according to 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, and the contract size will be slightly smaller than that of the iShares Bitcoin Trust ETF (IBIT).

In terms of technical details, the fund's quote will be equal to the price of one share, and the contracts will be settled in cash in rubles. The exchange launched its first Bitcoin futures contract in June 2023 and plans to introduce more cryptocurrency-related products, including mutual funds focused on crypto asset indices and structured bonds, which are currently still awaiting regulatory approval.

In addition, the Moscow Exchange plans to launch futures contracts tracking U.S. government bonds, with the underlying asset being the iShares 20+ Year Treasury Bond ETF (TLT). The exchange's interest in cryptocurrencies continues to grow, and it will further expand its product line in the future.