Russia’s Largest Bank Introduces First Blockchain Focused ETF in the Country

Russia’s Largest Bank Introduces First Blockchain Focused ETF in the Country
Sberbank, Russia’s largest bank, has introduced what it said is the country’s first exchange-traded fund (ETF) to provide exposure to companies involved in the blockchain industry.The fund from Sber Asset Management is called the Sberbank Blockchain Economy ETF and trades on the Russian stock market under the ticker “SBBE,” the bank said in a statement.It aims to track the Sber Blockchain Economy Index, giving investors exposure to crypto trading firms including Coinbase, Galaxy Digital and blockchain software provider Digindex. The index also includes crypto asset and mining companies and firms providing consulting services in the blockchain industry.The product will give…