BlackRock's Bitcoin ETF (IBIT) continues to make waves in both the United States and international markets. The fund has rapidly climbed the ranks to become one of the top 25 ETFs in the U.S., and its influence is now expanding into Russia with the debut of IBIT ETF futures trading on the Moscow Exchange (MOEX).
According to data released on June 3, 2025, by Bloomberg analyst Eric Balchunas, BlackRock's IBIT has amassed $72.4 billion in assets, securing its place among the top 25 ETFs in the United States. This is a significant achievement, considering the fund has only been around for 1.4 years, making it the "youngest" product on the list. Balchunas has also suggested that IBIT is on track to surpass the Satoshi wallet, potentially becoming the world's largest Bitcoin holder by the end of next year. This meteoric rise highlights the increasing appeal of Bitcoin ETFs, which offer investors a convenient, liquid, and trustworthy way to gain exposure to the cryptocurrency.
Adding another layer to the story, the Moscow Exchange (MOEX), Russia's largest stock exchange, has launched futures trading for BlackRock's iShares Bitcoin Trust ETF (IBIT) on June 4, 2025. This move provides a new avenue for investors in Russia to participate in the Bitcoin market through a familiar and regulated framework. However, access to this new investment product is currently limited to accredited investors, with MOEX planning to introduce qualification testing starting June 23.
The launch of IBIT futures trading in Moscow comes at a time when Russia is gradually opening up to crypto-related investments. The Bank of Russia recently authorized financial institutions to offer crypto products to qualified investors, leading major local banks like Sber and T-Bank (formerly Tinkoff Bank) to introduce investment tools tied to cryptocurrencies. Despite this progress, the Russian central bank remains cautious and advises against direct crypto investments by retail investors.
The fact that IBIT ETF futures are initially restricted to accredited investors has drawn mixed reactions. Some retail investors have expressed disappointment, viewing the offering as a "copy" that does not directly impact the broader crypto market. This sentiment reflects a desire for more accessible and inclusive crypto investment opportunities in Russia.
Despite the restrictions, the debut of BlackRock's Bitcoin ETF futures in Moscow signifies a notable step forward for cryptocurrency adoption in the region. It provides accredited investors with a regulated and potentially attractive means of gaining exposure to Bitcoin's price movements. Moreover, it underscores the growing recognition of Bitcoin as an asset class by established financial institutions and exchanges.
The simultaneous achievement of IBIT entering the top 25 ETFs globally and the launch of its futures trading in Moscow highlights BlackRock's significant influence in the cryptocurrency space. As the world's largest asset manager, BlackRock's foray into Bitcoin ETFs has lent legitimacy and credibility to the asset class, attracting both institutional and retail investors.
Looking ahead, it will be interesting to observe how the IBIT ETF futures perform on the Moscow Exchange and whether access will be expanded to retail investors in the future. The success of IBIT and other Bitcoin ETFs could pave the way for further integration of cryptocurrencies into mainstream finance, both in the United States and around the world. The trend suggests a competitive landscape for Bitcoin holdings moving forward.
