UniCredit SpA, Italy's second-largest bank, has announced the launch of the country's first structured certificate linked to a Bitcoin ETF, aimed at professional investors seeking regulated crypto exposure.
Launch of UniCredit's Certificate
UniCredit has launched the first Bitcoin ETF-linked certificate in Italy, which highlights the rising institutional demand for regulated crypto investments. Chicco Di Stasi, the head of Wealth Management at UniCredit, emphasized its significance for the Italian market.
Features of the Certificate
The certificate targets professional clients and offers 100% capital protection with returns up to 85% of ETF performance. It requires a minimum investment of $25,000, making it accessible to a limited clientele.
Impact on the Bitcoin Market
The launch of this new financial product may lead to increased demand for the iShares Bitcoin Trust ETF, although clients do not hold direct ownership of cryptocurrency. This reflects a growing interest from institutional investors in regulated, indirect methods of investing in digital assets.
UniCredit's initiative represents a strategic move into the growing cryptocurrency market, responding to the demands of professional clients, which may influence future financial trends.