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Italy's UniCredit Bank launches BlackRock Bitcoin ETF-linked investment products.
According to Gate News bot, Bloomberg reports that UniCredit SpA has launched a new structured product for professional clients, which is linked to BlackRock's iShares Bitcoin Trust ETF and offers full loss protection.
This product has a five-year term and is in the form of an investment certificate denominated in US dollars. According to the memorandum confirmed by the bank, this certificate offers 100% capital protection at maturity, with the ETF maximum return set at 85%, and an investment threshold of $25,000.
The investment certificate will be open for subscription to professional clients of UniCredit Bank in Italy from July 1 to July 28.