UniCredit Bank will offer structured products linked to BlackRock's Bitcoin spot ETF for its clients

ChainCatcher news, according to Bloomberg, UniCredit Bank in Italy will offer a structured product linked to the Bitcoin spot ETF managed by BlackRock for its professional clients. It plans to issue a five-year dollar-denominated investment certificate linked to the Bitcoin spot ETF, which will provide 100% capital protection at maturity, as confirmed by the bank's memorandum.

The memorandum states that the maximum return cap for the ETF is 85% of the performance, with a minimum investment threshold of $25,000.