Sber, a Russian government-backed company and the country’s largest bank, is launching a blockchain exchange-traded fund (ETF) to track the performance of major cryptocurrency companies such as Coinbase (NASDAQ 🙂 and Galaxy Digital.
Sber Asset Management officially announced the news on Thursday, stating that the new ETF is tied to various firms in the blockchain and cryptocurrency industry, including providers of hardware and software for mining and issuing crypto assets.
Named “Sber – Blockchain Economy”, the fund will trade under the ticker SBBE and will follow the homonymous index developed by Sber’s investment subsidiary SberCIB.
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