Sber launched the first mutual fund based on a blockchain company – Bits Media

"Sber Asset Management" announced the launch of a mutual investment fund called "Sber - Blockchain Economy". This is the first fund in Russia, whose funds will be invested in the blockchain industry.

“This is the first exchange-traded fund on the Russian stock market, which gives investors the opportunity to make money on the blockchain economy without complications, related to direct development, purchase, storage and sale of digital assets", - emphasized
In a press release.

The fund's shares will follow the Sber Blockchain Economy index. The index includes stocks and bonds of companies, working in the field of blockchain and cryptocurrencies. Index includes Coinbase shares, Digindex and Galaxy Digital and a number of other companies.

The creators of the mutual investment fund emphasize, that blockchain is used in a variety of areas, and not just in cryptocurrencies. Technology is used to protect personal data, copyright confirmation, creating Internet of Things platforms and so on.

“There are hardly any people left, who have never heard of blockchain. This technology is developing so quickly and dynamically, that an ordinary investor simply cannot keep track of it. Direct investments in crypto assets involve high risks, It’s difficult to evaluate them yourself. Therefore, we suggest investing not in crypto assets, and in the company, that ensure the development of blockchain", - said Evgeny Zaitsev, General Director of Sber Asset Management.

A few days ago, the Indian regulator warned
local mutual funds from investing in crypto assets to developing regulation.