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UniCredit provides Bitcoin services for pro clients through a link certificate with BlackRock's IBIT.
European bank UniCredit is entering the cryptocurrency space with an investment product linked to BlackRock's spot Bitcoin ETF. UniCredit will offer five-year US dollar investment certificates, ensuring 100% capital protection at maturity. BlackRock launched this product in Europe in March, and their IBIT fund has accumulated over 73 billion USD in assets.
This move comes amid increasing acceptance of digital assets by European banks, thanks to the EU's MiCA regulation. Deutsche Bank plans to launch cryptocurrency custody services by 2026, while Sparkassen-Finanzgruppe is preparing to offer cryptocurrency trading to retail customers. However, regulators remain cautious about the reputational risks associated with cryptocurrency services in banks.