UniCredit has introduced a new investment product linked to the performance of the BlackRock Bitcoin ETF, specifically designed for institutional investors in Italy. The product offers capital protection and attractive investment conditions in cryptocurrency.
Description of the New Product
The offered product is available in Italy from July 1 to July 28 and is a five-year certificate guaranteeing a 100% capital return at maturity. Upside gains are capped at 85% of the ETF's performance. The minimum investment amount is $25,000, making this product primarily accessible for institutional investors.
Market for Investment Products
This product, as stated by Chicco di Stasi, head of investment products at UniCredit, is a first of its kind in Italy and meets the growing demand for crypto-linked instruments with a risk-managed structure. It highlights the attractiveness of earning profit from cryptocurrencies without capital loss risk.
Banking Sector Response
With the introduction of this product, UniCredit adds its offerings to the increasing number of investment tools in the cryptocurrency market. For instance, BlackRock manages $75 billion in assets in its Bitcoin ETF, which is one of the most successful products on the market. Other major banks, such as Intesa Sanpaolo and Banco Santander, are also ramping up their digital asset strategies, offering various crypto services to their clients.
Thus, with its new product for investing in Bitcoin linked to the BlackRock ETF, UniCredit reflects the growing interest in cryptocurrencies among institutional investors and strengthens its competitiveness in the financial market.
