Since June and July, Russian investors have invested more than $27 million in Moscow Exchange's crypto futures funds based on BlackRock's BTC and ETH ETFs, with most investors building small portfolios under $6,400, while a few Large Investors hold over $1.3 million. The Central Bank of Russia states that the scale of local crypto-related financial products is about $48 million, which does not pose systemic risk. The Central Bank also pointed out that the trading volume of Russian users on overseas Centralized Exchanges has recently declined, speculating that it may relate to more people turning to use DEX. The Central Bank estimates that Russian citizens hold approximately $7.7 billion in BTC, $2 billion in ETH, and $2.7 billion in other Tokens. (DL News)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Since June and July, Russian investors have invested more than $27 million in Moscow Exchange's crypto futures funds based on BlackRock's BTC and ETH ETFs, with most investors building small portfolios under $6,400, while a few Large Investors hold over $1.3 million. The Central Bank of Russia states that the scale of local crypto-related financial products is about $48 million, which does not pose systemic risk. The Central Bank also pointed out that the trading volume of Russian users on overseas Centralized Exchanges has recently declined, speculating that it may relate to more people turning to use DEX. The Central Bank estimates that Russian citizens hold approximately $7.7 billion in BTC, $2 billion in ETH, and $2.7 billion in other Tokens. (DL News)