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UniCredit brings BlackRock’s IBIT to Italy’s elite, merging BTC with TradFi

2025-07-01 17:24:11

UniCredit brings BlackRock’s IBIT to Italy’s elite, merging BTC with TradFi

Main Idea

UniCredit SpA is issuing a Bitcoin-linked investment certificate tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT) for professional clients in Italy, offering capital protection and Bitcoin exposure without direct ownership.

Key Points

1. UniCredit SpA will issue a five-year, dollar-denominated investment certificate linked to BlackRock’s IBIT ETF, available to professional clients in Italy from July 1 to 28.

2. The product offers full capital protection at maturity and Bitcoin upside without direct exposure to cryptocurrency volatility or infrastructure.

3. BlackRock’s IBIT ETF, with over $73 billion in assets, provides a regulated and liquid vehicle for Bitcoin exposure, making UniCredit’s offering more credible.

4. The structured product aims to meet institutional demand by providing a compliant and familiar investment format for Bitcoin exposure in Europe.

5. UniCredit’s move could reshape European finance by offering a capital-protected Bitcoin investment solution, addressing regulatory and infrastructure concerns.

Description

Italy’s second-largest bank is inviting pros to tap Bitcoin’s gains while avoiding its chaos. The investment vehicle, linked to IBIT, adds credibility to a market still wrestling with regulatory caution. According to a Bloomberg report on July 1, UniCredit SpA will issue a five-year, dollar-denominated investment certificate tied to BlackRock’s iShares Bitcoin Trust ETF (IBIT), exclusively for professional clients in Italy. The offering, available from July 1 to 28, includes full capital protect...

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