based on materials from the site - By AICryptocore.com
UniCredit SpA, the second-largest bank in Italy, has launched the country's first structured certificate linked to a Bitcoin ETF. This innovative product, announced by Chicco Di Stasi of UniCredit, targets professional investors seeking regulated cryptocurrency investments.
This launch is crucial as it meets the growing institutional demand for safe crypto investments, providing professional clients with a compliant way to access Bitcoin performance without direct ownership.
UniCredit, using an innovative approach, has launched a certificate linked to the iShares Bitcoin Trust ETF. This step is significant for Italy, demonstrating UniCredit's leadership in cryptocurrency-related financial products. Chicco Di Stasi emphasized his distinction in Italy by pointing to institutional demand for indirect cryptocurrency investments.
"With this product, we offer our professional clients a unique solution - the first of its kind in Italy." - Chicco Di Stasi, Head of Global Wealth Management at UniCredit.
The UniCredit certificate targets professional clients and guarantees 100% capital protection, offering up to 85% of the ETF's performance. It requires a minimum investment of $25,000, highlighting the product's exceptional accessibility. BlackRock indirectly supports it through its connection with the ETF.
This new financial product affects the Bitcoin market, potentially increasing demand for the iShares Bitcoin Trust ETF. However, clients do not own cryptocurrency directly, so there are no liquidity shifts in the chain. This reflects the growing institutional interest in regulated, indirect exposure to digital assets.
Financial analysts forecast increased interest in structured crypto products in established banking sectors. This aligns with new trends in Europe's financial industry, where there is a growing demand for cryptocurrency exposure even as the regulatory framework evolves. UniCredit's initiative represents a strategic step into this growing market.
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