俄罗斯经纪人Finam发行了与贝莱德比特币ETF（IBIT ETF）相关的结构化笔记

Yerevan（Coinchapter.com） - 俄罗斯经纪人Finam正在推出与BlackRock的Ishares Bitcoin Trust ETF（IBIT ETF）相关的结构化音符

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.

俄罗斯经纪公司Finam正在发行与贝莱德的iShares比特币信托ETF（NYSE：IBIT）（BITC）相关的结构化笔记，这使俄罗斯投资者能够获得比特币投资的影响。

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.

根据Finam创新产品负责人Anton Dorodnev的说法，结构化票据将于2月17日开始提供。这些结构化的票据将有六个月的到期期限，并且只能提供给俄罗斯合格的投资者。

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以前曾使俄罗斯投资者能够投资于IBIT ETF，这标志着朝着扩大与加密相关的金融产品的一步。

Investment Structure and Returns

投资结构和回报

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

结构化的音符将以俄罗斯的卢布为特征。 Vedomosti报道说，将使用俄罗斯汇率的银行计算收益。

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价格至少高于发行时的价格，则投资者的收益率最高可达20％。

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

结构化票据所需的最低投资为200,000卢布（2,200美元）。 Finam将收取1％的佣金，应以卢布支付。

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

Dorondev补充说，除了IBID与ETF链接的结构化音符外，Finam还计划引入绑定的结构化投资产品，以发现以太坊ETF。

Crypto Regulations in Russia and Legal Uncertainty

俄罗斯的加密法规和法律不确定性

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.

基于俄罗斯比特币ETF的结构化笔记引入了监管问题。一些法律专家认为，这些产品符合俄罗斯法律，而另一些则强调了潜在的风险。

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.

根据法律专家Alina Laktionova的说法，该法律并未明确禁止使用加密ETF作为结构性债券的基础，但也没有为此类金融产品提供明确的法律支持。

Russia’s Stance on Bitcoin and Crypto Investment

俄罗斯对比特币和加密投资的立场

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.

尽管有监管不确定性，但俄罗斯最近还是对比特币投资的一种更灵活的方法。 2024年12月，财政部长表示，俄罗斯法律允许将比特币和其他数字资产用于外贸交易。

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在俄罗斯发行的结构化票据与贝莱德比特币ETF相关，这反映了俄罗斯投资者对加密货币互联金融工具的需求不断增长。但是，俄罗斯缺乏明确的加密法规继续为希望扩大加密投资产品的公司带来挑战。