Italian bank UniCredit SpA is offering professional clients a structured investment product tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT) with full capital protection.
The investment is in the form of a five-year, dollar-denominated investment certificate with a maximum return of up to 85% of the ETF’s performance.
UniCredit's certificate will be exclusively available to its professional clients in Italy with a minimum investment requirement of $25,000 from July 1 to July 28.
The move highlights the growing institutional demand for regulated Bitcoin investments, with BlackRock's IBIT managing $75 billion and UniCredit catering to professional investors seeking exposure to cryptocurrencies.