Representatives of the broker Finam said that they will offer qualified investors structured bonds linked to the spot market. ETF on Bitcoin from BlackRock.
The underlying asset of the bond will be iShares shares Bitcoin Trust ETF (IBIT) from BlackRock, the largest of the spot bitcoin ETF In addition, Finam is considering launching a similar product linked to ETF on Ethereum (ETH).
According to the information provided, all structured bonds are denominated in rubles, but the yield is calculated in dollars. The investor can receive up to 20% per annum if the price in six months ETF on Bitcoin will be higher than the starting one (at least by 1 basis point). The minimum investment amount is 200 rubles, and the brokerage commission will be only 000%.
A structured bond is a complex financial instrument whose yield depends not only on interest payments, but also on the dynamics of the underlying asset. Unlike standard bonds, where coupon payments are fixed, in structured bonds the income can be tied to stocks, indices, commodities or, as in this situation, to a product ETF on Bitcoin .
Analysts believe that the above-mentioned instrument is aimed at the demand for cryptocurrency assets among Russian investors, despite some legal nuances.
Finam emphasized that current regulations do not prevent the issuance of such bonds, so it is believed that there will be high demand for them.
