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Two Major Russian Insurance Companies Launch Investment-Linked Life Insurance Linked to Bitcoin

Summary: According to reports cited by Cyptoslate, two major Russian insurance companies, Renaissance Life and BCS Life Insurance, have launched investment-linked life insurance policies (ILIP) linked to Bitcoin. These innovative policies allow investors to invest in the iShares Bitcoin Trust Fund (IBIT) under BlackRock, the largest Bitcoin ETF by assets under management. ILIPs are designed for ...

According to reports cited by Cyptoslate, two major Russian insurance companies, Renaissance Life and BCS Life Insurance, have launched investment-linked life insurance policies (ILIP) linked to Bitcoin. These innovative policies allow investors to invest in the iShares Bitcoin Trust Fund (IBIT) under BlackRock, the largest Bitcoin ETF by assets under management. ILIPs are designed for high-net-worth individuals who wish to profit from Bitcoin price fluctuations without directly holding Bitcoin.

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