The traditional banking sector can no longer ignore the growing interest in the cryptocurrency world. UniCredit’s new product, which is linked to BlackRock’s IBIT fund, provides a solution for institutional investors in Europe to access Bitcoin through secure channels. The success of IBIT, which manages over $73 billion in assets, is increasing the demand for such hybrid products. The structured investment certificate is designed specifically for professional clients and will guarantee 100% capital protection at maturity. This initiative aims to meet the demand of clients who want to invest in digital assets through traditional financial channels. UniCredit’s five-year, dollar-denominated investment certificate is based on BlackRock’s IBIT-listed Bitcoin ETF, which is currently the most successful crypto-related financial product in terms of investment capital.
