BlackRock’s IBIT powers new bitcoin annuity for U.S. retirees via Delaware Life
Delaware Life Insurance Company said it has become the first U.S. insurer to offer a cryptocurrency-linked investment within a fixed index annuity (FIA) after partnering with BlackRock. The company announced Tuesday it will add the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its FIA product suite, giving investors a new way to access bitcoin returns while protecting their principal. The index blends U.S. equities with bitcoin exposure through BlackRock’s iShares Bitcoin Trust ETF (IBIT). It ...