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UniCredit is stepping into the crypto space with a capital-protected Bitcoin-linked certificate tied to BlackRock’s IBIT ETF, targeting professional clients. This move aligns with a broader trend of European banks embracing digital assets under the MiCA regulatory framework. Meanwhile, Deutsche Bank and others are expanding their crypto offerings, signaling growing institutional adoption.
- UniCredit’s new product links to BlackRock’s IBIT Bitcoin ETF, ensuring 100% capital protection for professional investors.
- European banks, including Deutsche Bank and Sparkassen, are rapidly adopting crypto services under MiCA regulations.
- ECB warns of reputational risks as banks expand into crypto, advocating for a balanced approach and digital euro considerations.
📎 Related coverage from: cryptoslate.com