Russia’s National Wealth Fund (NWF) will not invest in Bitcoin or cryptocurrency, focusing instead on gold and yuan. Deputy Finance Minister Kolychev states that high volatility and liquidity issues are reasons for this exclusion.

The NWF maintains an investment structure with 60% in yuan and 40% in gold. Currently valued at 11.97 trillion rubles (around 122.09 billion USD), it represents about 5.6% of Russia’s expected GDP for 2025.