UniCredit to Offer BlackRock Bitcoin ETF-Linked Product for Some Clients

UniCredit SpA will offer its professional clients a structured product tied to BlackRock Inc.’s iShares Bitcoin Trust ETF that features full protection against losses, as European banks seek new ways to tap into appetite for digital assets.

The bank plans to issue a five-year, dollar-denominated investment certificate linked to the iShares Bitcoin Trust ETF which will offer a 100% capital protection at maturity, according to an internal memo seen by Bloomberg News and confirmed by the bank.