Sberbank Asset Management launches the first exchange-traded fund for blockchain assets

SberAsset Management has created an exchange-traded fund (BPIF) Sber-Blockchain Economy (ticker)- SBBE).This is the first onthe Russian stock market is an exchange-traded fund, whichgives the investor the opportunity to make money on the blockchain economy without the difficulties associated with the direct development, purchase, storage and sale of digital assets.

The new exchange-traded fund follows the Sberbank indexBlockchain Economics ”developed by SberCIB. It includes securities of companies whose main activities are related to blockchain technologies. Today, they are used in a variety of industries and solve a variety of problems - from protecting personal data and confirming copyright to creating platforms for the Internet of things and online voting. For example, the index includes companies producing hardware and software for mining and creating cryptoassets, and even companies providing consulting services in the field of blockchain technologies.

Among the issuers - the cryptocurrency exchange Coinbase,blockchain software developer Digindex, crypto asset financial services provider Galaxy Digital and other well-known companies.

The fund's currency is dollars. You can buy shares for rubles in the SberInvestor application or through any Russian broker.

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