Russia’s largest bank, Sberbank, launched the country’s first blockchain-focused ETF

On Thursday, December 30, Russia’s largest bank, Sberbank, launched the country’s first blockchain exchange-traded fund.

In particular, the fund is called the Sberbank Blockchain Economy ETF, and it trades on the Russian stock market under the ticker “SBBE,” according to a statement from Sber Asset Management.

Notably, the ETF claims to be the country’s first exchange-traded fund to give exposure to firms working with blockchain technology by following the Sber Blockchain Economy Index and developed by SberCIB.

The fund provides investors with exposure to cryptocurrency trading businesses such as Coinbase, Galaxy Digital, and blockchain software company Digindex.

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