UniCredit Launches Capital-Protected Bet on BlackRock’s $75B Bitcoin ETF – Upside Capped at 85%
2025-07-01 19:12:25
Main Idea
UniCredit is launching a capital-protected structured investment product tied to BlackRock’s iShares Bitcoin Trust ETF, marking the first such offering for Italian investors.
Key Points
1. UniCredit's five-year certificate offers returns capped at 85% of the ETF’s performance, with a minimum investment of $25,000.
2. The product will be available from July 1 to July 28, 2025, and is the first of its kind in Italy.
3. BlackRock’s iShares Bitcoin Trust ETF, approved in the U.S. in January 2024, has grown to $75 billion in assets.
4. European banks are exploring crypto-linked services due to the lack of EU-approved spot Bitcoin ETFs.
5. The product allows European investors to gain exposure to Bitcoin through a U.S.-based ETF, circumventing current EU restrictions.
Description
Key Takeaways: The product offers full capital protection at maturity, with returns capped at 85% of the ETF’s performance. The offering runs from July 1 to July 28 and is limited to professional clients in Italy. Europe has not approved local spot Bitcoin ETFs; banks are turning to structured products as alternatives. UniCredit will offer a structured investment product tied to BlackRock ’s iShares Bitcoin Trust ETF, according to a report published on July 1. The bank’s five-year certificate is...
Latest News
- RWA Restaking Protocol Zoth Suffers $8.4M Exploit, Attacker Converts Funds to DAI2025-07-04 03:25:18
- Immutable zkEVM and DogLibre Join Hands in Dog Rescue Efforts2025-07-04 03:25:08
- Stablecoin Market Capitalization Reaches $230 Billion Amid Regulatory Efforts to Increase Adoption: Data2025-07-04 03:25:07
- US Treasury Removes Sanctions on Ethereum Mixer Tornado Cash2025-07-04 03:24:55
- Eminem’s Ex-Sound Engineer Accused of Selling Songs for Bitcoin2025-07-04 03:24:24