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UniCredit launches an investment product linked to BlackRock's Bitcoin ETF.
European bank UniCredit is preparing to launch a 5-year investment certificate linked to BlackRock's spot Bitcoin ETF (IBIT), according to Bloomberg. The product is aimed at professional clients, priced in USD, and guarantees 100% capital preservation at maturity.
The BlackRock IBIT ETF currently manages over 73 billion USD, making it the most successful cryptocurrency-linked financial product to date. In Europe, BlackRock has listed this product under the code "IB1T" ( in Paris, Xetra) and "BTCN" ( in Amsterdam).
UniCredit's move comes amid a growing expansion by European banks into the digital asset space, thanks to the recently enacted MiCA regulatory framework.
Last week, Deutsche Bank confirmed that it will launch crypto custody services for institutions starting in 2026, while also considering the issuance of a stablecoin and blockchain payment solutions. Sparkassen (Germany) is also planning to offer retail crypto trading in the summer of 2026.