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Bitcoin Magazine
Italian Bank UniCredit SpA Announces Investment On BlackRock’s Bitcoin ETF IBIT
Italy-based UniCredit SpA introduced in the present day it will supply to its skilled shoppers a structured funding product tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT), providing their shoppers full capital safety 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 inside memo seen by Bloomberg News that was also confirmed by the financial institution.
The most return of the funding is up to 85% of the ETF’s efficiency, with a minimal funding requirement of $25,000, according to the memo. The UniCredit certificates will be only out there to the financial institution’s skilled shoppers in Italy from July 1 to July 28.
The transfer displays rising institutional demand for regulated Bitcoin investments. BlackRock’s IBIT has seen a fast progress since launching in the U.S. in January 2024, which now manages $75 billion.
“We are seeing increasing interest from professional investors in instruments tied to emerging asset classes such as cryptocurrencies,” stated the Head of Group Investment Product Solutions and Equity & Credit Sales and Trading of UniCredit Chicco di Stasi. “With this product, we offer our professional clients a distinctive solution —the first of its kind in Italy.”
On March 25, 2025, BlackRock expanded its footprint in the area with the launch of a Bitcoin change traded product in Europe. The iShares Bitcoin ETP started buying and selling on Xetra and Euronext Paris under the ticker IB1T, and on Euronext Amsterdam under BTCN. The product launched with a non permanent payment waiver of 10 foundation factors, reducing its expense ratio to 0.15% until the finish of the 12 months.
“It reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold,” said the Head of Europe & Middle East iShares Product of BlackRock Manuela Sperandeo.
This submit Italian Bank UniCredit SpA Announces Investment On BlackRock’s Bitcoin ETF IBIT first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
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