Italy's Unified Credit Bank will offer customers a structured product linked to BlackRock's Bitcoin Spot ETF.

BlockBeats News, July 1st: According to Bloomberg, Intesa Sanpaolo, Italy's largest bank, will offer a structured product linked to a Bitcoin spot ETF under BlackRock's iShares for its professional clients. The bank plans to issue a five-year U.S. dollar-denominated investment certificate linked to the Bitcoin spot ETF, which will provide 100% capital protection at maturity, as confirmed in the memorandum. The memorandum states that the maximum return cap of the ETF is 85% of the performance, with a minimum investment threshold of $25,000.