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European bank UniCredit will provide its professional clients with a structured product linked to BlackRock’s well-known spot Bitcoin.

According to Bloomberg, UniCredit plans to issue a “five-year, dollar-denominated investment certificate” linked to BlackRock’s Bitcoin ETF, ticker symbol IBIT, in an apparent effort to satisfy demand from European clients seeking to invest in digital assets through traditional financial channels

An internal memo verified by UniCredit states that the product “will offer 100 percent capital protection at maturity.”

The integration of digital assets and traditional finance has continued to increase steadily since the introduction of spot Bitcoin ETFs at the beginning of last year.  BlackRock’s spot Bitcoin ETF is by far the most successful cryptocurrency-related financial product to date. BlackRock’s IBIT fund manages over $73 billion in assets.

BlackRock IBIT had $3.85 billion in net inflows in June alone, leading the ETF market. Its net assets reached $75 billion, and its total net inflow increased to $54.42 billion. This performance demonstrated steadfast investor interest despite general market turbulence. The fund had another strong month in June despite IBIT’s largest monthly inflow of $6.20 billion in March 2024,

Throughout the month, IBIT demonstrated consistent growth, solidifying its position as the leading Bitcoin ETF.

The fund maintained a significant advantage over rivals by continuing to attract institutional capital. Despite external market stress, consistent inflows since June 6 indicated strong support for products related to Bitcoin. While Bitcoin’s price was around $107,000, IBIT remained stable, and its dominance shifted slightly to 64.6%.

These patterns suggest that investors continue to have confidence in spot Bitcoin exposure through regulated products.