Italy-based UniCredit SpA announced today it will offer to its professional clients a structured investment product tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT), offering their clients full capital protection against losses, Bloomberg reported.

“The bank plans to issue a five-year, dollar-denominated investment certificate linked to the iShares Bitcoin Trust ETF which will offer a 100% capital protection at maturity,” according to an internal memo seen by Bloomberg News that was also confirmed by the bank.

The maximum return of the investment is up to 85% of the ETF’s performance, with a minimum investment requirement of $25,000, according to the memo. The…

Read more on BitcoinMagazine