Sberbank unveils blockchain ETF despite Russian government’s stance

Stock Exchange

Sberbank, Russia’s largest bank, plans to launch the first blockchain exchange-traded fund (ETF) in the former Soviet Union despite Government opposition to cryptocurrencies.

The new ‘Sber Blockchain Economy Fund' will give investors access to the blockchain space without the direct need to buy and store digital assets.

It does this by tracking the state-owned bank’s Blockchain Economy Index, which includes securities of companies that deal with cryptocurrency and...