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

Sber Asset Management created an exchange-traded fund (BPIF) "Sber - Blockchain Economics" [1] (ticker - SBBE). This is the first exchange-traded fund in the Russian stock market, which gives an investor the opportunity to earn 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 Sber Blockchain Economy index developed by SberCIB. It includes securities of companies whose main activity is related to blockchain technologies. Today, they are used in a wide variety of industries and solve a variety of problems - from protecting personal data and verifying copyrights to creating IoT platforms and conducting online voting. For example, the index includes companies that produce equipment and software for mining and creating crypto assets, and even companies that provide consulting services in the field of blockchain technologies.

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

The currency of the fund is dollars. You can buy shares for rubles in the SberInvestor app or through any Russian broker. The cost of a share is from 10 rubles.

There are hardly any people who have never heard of blockchain. This technology is developing so quickly and dynamically that the average investor simply cannot keep up with it. Direct investments in crypto assets are associated with high risks, and it is difficult to evaluate them on your own. Therefore, we suggest investing not in crypto assets, but in companies that ensure the development of blockchain technologies. An exchange-traded fund is available to anyone due to its simplicity and low entry threshold, while you get a ready-made set of securities of promising innovative international companies that specialize in the development of fintech and breakthrough technologies

Evgeny Zaitsev

General Director of Sber Asset Management

[1] BPIF RFI "Sberbank - Blockchain Economy"

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