俄羅斯經紀人Finam發行了與貝萊德比特幣ETF（IBIT ETF）相關的結構化筆記

Yerevan（Coinchapter.com） - 俄羅斯經紀人Finam正在推出與BlackRock的Ishares Bitcoin Trust ETF（IBIT ETF）相關的結構化音符

Russian brokerage Finam is launching structured notes tied to BlackRock’s iShares Bitcoin Trust ETF (NYSE:IBIT) (BITC), allowing Russian investors to gain exposure to Bitcoin investment.

俄羅斯經紀公司Finam正在發行與貝萊德的iShares比特幣信託ETF（NYSE：IBIT）（BITC）相關的結構化筆記，這使俄羅斯投資者能夠獲得比特幣投資的影響。

According to Anton Dorodnev, head of innovative products at Finam, the structured notes will be available starting Feb. 17. These structured notes will have a six-month maturity period and will be offered only to qualified investors in Russia.

根據Finam創新產品負責人Anton Dorodnev的說法，結構化票據將於2月17日開始提供。這些結構化的票據將有六個月的到期期限，並且只能提供給俄羅斯合格的投資者。

Finam had previously enabled Russian investors to invest in the IBIT ETF, marking another step toward expanding crypto-related financial products in the country.

Finam以前曾使俄羅斯投資者能夠投資於IBIT ETF，這標誌著朝著擴大與加密相關的金融產品的一步。

Investment Structure and Returns

投資結構和回報

The structured notes will be denominated in Russian rubles. Returns will be calculated using the Bank of Russia exchange rate, Vedomosti reported.

結構化的音符將以俄羅斯的盧佈為特徵。 Vedomosti報導說，將使用俄羅斯匯率的銀行計算收益。

Investors can earn up to 20% in dollar-equivalent yields if the ETF price at maturity is at least one basis point higher than its price at the time of issuance.

如果成熟度的ETF價格至少高於發行時的價格，則投資者的收益率最高可達20％。

The minimum investment required for the structured notes is 200,000 rubles ($2,200). Finam will charge a 1% commission, payable in rubles.

結構化票據所需的最低投資為200,000盧布（2,200美元）。 Finam將收取1％的佣金，應以盧布支付。

In addition to IBIT ETF-linked structured notes, Finam is planning to introduce structured investment products tied to spot Ethereum ETFs, Dorondev added.

Dorondev補充說，除了IBID與ETF鏈接的結構化音符外，Finam還計劃引入綁定的結構化投資產品，以發現以太坊ETF。

Crypto Regulations in Russia and Legal Uncertainty

俄羅斯的加密法規和法律不確定性

The introduction of structured notes based on Bitcoin ETFs in Russia raises regulatory concerns. Some legal experts believe that these products comply with Russian law, while others highlight potential risks.

基於俄羅斯比特幣ETF的結構化筆記引入了監管問題。一些法律專家認為，這些產品符合俄羅斯法律，而另一些則強調了潛在的風險。

According to legal expert Alina Laktionova, the law does not explicitly ban using crypto ETFs as the basis for structured bonds, but it also does not provide clear legal backing for such financial products.

根據法律專家Alina Laktionova的說法，該法律並未明確禁止使用加密ETF作為結構性債券的基礎，但也沒有為此類金融產品提供明確的法律支持。

Russia’s Stance on Bitcoin and Crypto Investment

俄羅斯對比特幣和加密投資的立場

Despite regulatory uncertainty, Russia has recently signaled a more flexible approach toward Bitcoin investment. In December 2024, the Finance Minister stated that Russian law permits the use of Bitcoin and other digital assets for foreign trade transactions.

儘管有監管不確定性，但俄羅斯最近還是對比特幣投資的一種更靈活的方法。 2024年12月，財政部長表示，俄羅斯法律允許將比特幣和其他數字資產用於外貿交易。

Finam’s launch of structured notes in Russia tied to BlackRock Bitcoin ETF reflects the increasing demand for crypto-linked financial instruments among Russian investors. However, the lack of clear crypto regulations in Russia continues to create challenges for firms looking to expand their crypto investment offerings.

Finam在俄羅斯發行的結構化票據與貝萊德比特幣ETF相關，這反映了俄羅斯投資者對加密貨幣互聯金融工具的需求不斷增長。但是，俄羅斯缺乏明確的加密法規繼續為希望擴大加密投資產品的公司帶來挑戰。