In Russia, it is proposed to create mutual funds for investments in cryptocurrency.

Andrey Bershadsky, President of the company "Pervaya," proposed creating exchange-traded mutual investment funds (ETFs) in Russia for investing in cryptocurrencies. This was reported by "Interfax."

According to the head of the company, investors in Russia work through platforms that are unregulated by Russian legislation and not overseen by Russian regulators. The creation of exchange-traded mutual funds would give them access to cryptocurrencies through professional management and reduce their risks.

"The Ministry of Finance has already put forward an initiative to organize cryptocurrency trading on exchanges. We support this project. People continue to invest in cryptocurrencies. The Bank of Russia estimated the volume of cryptocurrency transactions by Russians at 4.8 trillion rubles back in 2023," said Bershadsky.

Earlier, we reported that the Ministry of Finance of Russia does not have information about the creation of a strategic reserve in cryptocurrencies.