From Wall Street To Red Square: Moscow Exchange Lists BlackRock Bitcoin Futures

[Redator]

Russia’s main exchange. the Moscow Exchange, has started offering Bitcoin futures contracts. This is one of the biggest moves yet in the country’s slow but steady opening to cryptocurrencies.

According to market insiders, these new contracts track the price of the BlackRock Bitcoin ETF, which has gathered over $72 billion in assets.

Trades will be priced in US dollars per lot, while settlements will happen in Russian rubles. This setup lets local traders tap into Bitcoin’s price swings without touching foreign crypto platforms.

Quarterly Contracts Linked To IBIT

These Bitcoin futures will come out every three months, with the first batch due to expire in September 2025. Based on reports, only qualified investors will be allowed to trade on the MOEX. That means big banks, funds, and other approved financial groups can take part.

Ordinary investors won’t get in on these deals. The Bank of Russia gave the green light in May 2025 for such products, but it still warns most firms to steer clear of direct crypto deals. The idea seems to be to let big players handle the risk in a controlled way.

Local Settlements Keep Risk In Rubles

Moscow Exchange decided to price the contracts in US dollars. However, when it’s time to settle, everything happens in rubles. This approach protects Russia from sudden swings in foreign markets.

A trader can lock in a deal based on Bitcoin’s value in dollars, yet get paid in their home currency. It’s a setup that keeps money inside Russia even as it ties to a global crypto product.

Some analysts see this as a smart middle ground. It lets Russia join the international cryptocurrency scene but without depending on overseas platforms.

Moscow Stock Exchange Launches #Bitcoin Futures

Contracts will only be available to qualified investors, with the futures tied to the value of the iShares Bitcoin Trust ETF, quoted in US dollars, and settled in Russian rubles. (TASS)

The launch follows Sberbank’s approval… pic.twitter.com/wMTRlK2Y0y

— RT_India (@RT_India_news) June 4, 2025

Bank Of Russia’s Cautious Stance

Behind the scenes, the central bank is still cautious. It approved crypto-linked derivatives for qualified investors, but it hasn’t opened the door for everyone.

Most banks and investment firms are told not to put their clients into direct Bitcoin trades. Instead, they can offer tools like these futures if they qualify. This reflects a watchful stance on digital assets.

Authorities acknowledge the lure of big profits, but they also want to avoid big losses. By keeping access limited, they hope to keep any trouble contained.

Sberbank’s New Bitcoin-Linked Bonds

Meanwhile, Sberbank, the country’s biggest bank, is working on its own crypto-based product. Soon, select clients will be able to buy structured bonds tied to Bitcoin’s price.

These bonds will also trade in rubles and won’t require a crypto wallet. That way, people can bet on Bitcoin without opening accounts on foreign sites.

Featured image from Lonely Planet, chart from TradingView