UniCredit to offer Bitcoin exposure to professional clients via BlackRock IBIT-linked certificate

  • European banking behemoth UniCredit is entering the crypto arena with a structured product tied to BlackRock's spot Bitcoin exchange-traded fund (ETF), Bloomberg News reported on July 1, citing an internal memo. Under the plan, UniCredit will offer professional clients a five-year, U.S. dollar-denominated investment certificate linked to BlackRock's iShares Bitcoin Trust (IBIT).