Investment firm Finam will offer qualified investors a six-month structured bond backed by BlackRock’s Bitcoin ETF, according to Vedomosti, citing a company representative.

The bond will be denominated in rubles, with returns calculated in USD equivalent based on the Central Bank’s exchange rate. The minimum investment required is 200,000 rubles, with a 1% brokerage fee.

The instrument includes a capital protection feature.

“If the price drops by up to 30%, the investor will receive the invested capital. In the event of a more significant correction, losses will be calculated from a 70% protection level rather than the initial bond price,” Finam representatives explained.

Potential risks include zero returns, reduced liquidity, market downturns, and default.

Finam also plans to introduce a similar product linked to an Ethereum ETF.

Previously, ForkLog reported that Avalon Labs, a Bitcoin-based DeFi development project, is considering filing for the first industry ETF backed by tokenized digital gold debt with the SEC.

In January, Nasdaq, on behalf of BlackRock, filed for a structural change to iShares Bitcoin Trust, seeking approval for in-kind redemptions.