The Central Bank of the Russian Federation will not allow Bitcoin ETFs to enter the Russian market

Get real time updates directly on you device, subscribe now.

Russian Central Bank is not ready to admit to the local market ETF for bitcoin, said during a press conference the head of the regulator Elvira Nabiullina.

On Tuesday, October 19, the first US Bitcoin futures ETF from ProShares began trading on the New York Stock Exchange. ETF turnover on the first trading day almost reached $ 1 billion, showing the second debut in trading activity.

On Friday, October 22, a Bitcoin futures ETF from Valkyrie Investments began trading on the Nasdaq Stock Exchange.

In the coming days, it is also expected to start trading Bitcoin ETF from VanEck.

The Bank of Russia regularly expresses skepticism about cryptocurrencies and related instruments.

Earlier, the Central Bank of the Russian Federation said that large economies would not legalize bitcoin, and also spoke out “categorically against” crypto assets.

The regulator recommended that exchanges not allow crypto-linked instruments to trade and stated that it would not facilitate access of unqualified investors to bitcoin.

Stay in touch! Subscribe to World Stock Market in Telegram.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.