3W
...
Italian banking giant UniCredit will soon offer professional clients a new structured investment product tied to BlackRock’s highly successful spot Bitcoin exchange-traded fund according to Bloomberg. The product will come as a five-year dollar-denominated investment certificate designed to meet growing demand from investors seeking crypto exposure through traditional finance channels.
The certificate will provide 100% capital protection at maturity signaling confidence in Bitcoin’s place in mainstream investment portfolios. BlackRock’s spot Bitcoin ETF listed under the ticker IBIT has amassed over $73 billion in assets under management according to The Block Data Dashboard making it the largest crypto-linked financial product to date.
BlackRock also expanded its Bitcoin offerings in Europe this year with its spot Bitcoin exchange-traded product listed in March on Euronext Paris and Xetra under the ticker IB1T as well as on Euronext Amsterdam under BTCN. As Bitcoin adoption grows UniCredit’s move marks a bold step to bridge traditional finance with the rising world of digital assets.
