ETF on the Sber Blockchain Economy index on the Moscow Exchange. Opinion: when it can become profitable.

The fund has the ticker SBBE, follows the Sber Blockchain Economy index, which is calculated by SberKIB and containsthemselves shares of companies whose activities are related to blockchain technologies.
The index calculation start date is 10/01/2021. The fund currency is USD.

Dividends are reinvested.

Ticker on the Moscow Exchange SBBE.
Sber launched ETF on December 30, 2021.

When the Fed goes too far with monetary policy tightening (as in 2018), ETFs may become interesting.
Write your thoughts in the comments.
Index composition
indices.sberbank-cib.com/?indexId=SBERBLEC

It flies like a crypt.
Sber (as a broker) does not charge purchase/sale commissions on the “investment” and “independent” tariffs from its ETFs.
Liquidity is low, the price is now 6.9 rubles,
market maker's orders for 1,470,000, the spread between the market maker's orders is as much as 0.7%.
General expenses (for management, depository and other) up to 1.35% per year (as written in the ETF description).

Interested in your opinion, squeak in the comments,
how useful such an ETF can be if you get into a crypto growth cycle
(i.e. when there will be expectations of monetary policy easing again).

Best regards,
Oleg.