Sber announced the launch of the Sber — Blockchain Economy tool– the first exchange-traded fund on the Russian stock market to access securities of representatives of the blockchain industry.
The fund is based on the index "Sber Blockchain Economy". As examples of the tools included in the index, companies producing equipment and software for mining and creating crypto assets, and companies providing consulting services in the field of blockchain technologies are named. So, the index includes the American crypto exchange Coinbase and the crypto investment firm Galaxy Digital, whose shares are listed on the Toronto Stock Exchange, as well as "other well-known companies".
As Evgeny Zaitsev, CEO of BEAC Asset Management, notes, direct investments in cryptocurrencies entail serious risks, so it was decided to create a fund that allows investing in participants in the blockchain industry.
"The exchange-traded fund is accessible to anyone due to its simplicity and low entry threshold, while you get a ready-made set of securities of promising innovative international companies that specialize in the development of fintech and breakthrough technologies," he added.
The Sbera blockchain Fund is listed under the ticker "SBBE" and is calculated in US dollars. You can buy its shares for rubles in the SberInvestor application or through any Russian broker.