Russian investors have invested over $27 million in crypto futures funds based on BlackRock's BTC and ETH ETFs on the Moscow Exchange since June. Most investors have created small portfolios under $6,400, while a few large holders have positions exceeding $1.3 million. The Russian central bank reports that domestic crypto-related financial products total approximately $48 million, posing no systemic risk. Additionally, the central bank notes a decline in Russian trading volumes on overseas centralized exchanges, possibly due to a shift towards decentralized exchanges. It estimates Russian citizens hold about $7.7 billion in BTC, $2 billion in ETH, and $2.7 billion in other tokens.
Russian Investors Pour $27 Million into BlackRock-Based Crypto Funds
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