European banking giant UniCredit is preparing to offer its professional clients a structured product linked to BlackRock's Spot Bitcoin ETF (IBIT), according to Bloomberg.
The five-year dollar-denominated investment certificate will provide 100% capital protection at maturity, according to an internal memorandum.
The move highlights the growing institutional demand for exposure to Bitcoin through regulated financial instruments.
BlackRock's IBIT, the most successful spot Bitcoin ETF to date, has more than $73 billion in assets.