Bank of Russia plans crypto derivatives access for funds
Futures contracts on ETFs tracking Bitcoin could soon be included in mutual fund portfolios under new CBR regulations.
The Bank of Russia plans to allow investment funds to purchase cryptocurrency derivatives next year, a senior official confirmed at the Capital Markets 2025 forum. Currently, only brokers can offer such instruments to qualified investors.
Deputy head of the bank’s Investment Finance Intermediation Department, Valery Krasinsky, explained that the move aims to level the playing field for management companies. Futures on Bitcoin ETFs are available via brokers, and mutual funds could soon access them under new rules.
Access to crypto funds will remain limited to highly qualified investors. Individuals must meet strict financial thresholds, including securities and deposits exceeding 100 million rubles or an annual income of over 50 million.
The CBR is also finalising a list of base assets for derivative financial instruments, with a draft regulatory act expected in 2026.
Authorities have indicated a cautious expansion of investor access. The Ministry of Finance is considering easing the criteria for ‘highly qualified’ investors, signalling a gradual opening of Russia’s crypto market while preserving the dominance of traditional stock and bond investments.
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