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Two main Russian insurance companies, Renaissance Life and BCS Life Insurance, launched investment insurance (Ilips) invested with BitcoinAccording to local media 2 July message.
According to an innovative policy report, they allow investors to obtain exposure Blackrock’s Ishares Bitcoin Trust (Ibit), The largest bitcoins ETF as assets.
These Ilip are designed for individuals with a high value trying to benefit from the price movements of bitcoins without directly holding digital assets.
Politics are bound to bitcoin futures contracts traded on the Moscow Stock Exchange (MOEX) and provide an alternative way to invest in a prosperous assets of assets.
As politicians work
The LIFE Renaissance offer, which is part of the Cryptocapital program, requires a minimum investment of 1.5 million rubles (about $ 19,000) and has a two -year duration.
If the Futures linked to the IBIT significantly increases, such as doubleing bitcoins in value, the investor could earn up to 2.4 million rubles (over $ 30,000) before taxes.
However, initial capital is protected if market power and bitcoins fall. Renaissance Life CEO Oleg Kiselev stressed that policyholders would at least get their full deposit.
On the other hand, BCS Life Insurance offers a similar product with a longer three -year time and a higher minimum entry of 3 million rubles.
Unlike its opponent, the BCS allows you to re -balance the portfolio during the political period, which provides investors with greater flexibility in adjusting assets of assets in response to market changes.
Growing interest of bitcoins
This development comes in the middle of a growing Demand for regulated financial instruments that offer Bitcoin exposure.
Other insurance companies use this trend and provide their clients with investment products related to bitcoins.
In the meantime launched Last year, the life insurance supported bitcoins, which allowed policyholders to borrow bitcoins against their policies without incurring capital profits. However, the loan balance is deducted from the death benefit after the policyholder has completed.
This product shows that the interest in financial instruments supported by bitcoins has increased, especially in the past year, as the US administration has accepted pro-crito policy and the price of bitcoins exceeded $ 100,000.
