Delaware Life launches bitcoin (BTC)-linked fixed indexed annuity, using BlackRock’s IBIT

JH Kim

Summary

Delaware Life Insurance Company said it has launched a fixed indexed annuity (FIA) that includes bitcoin (BTC) exposure.
It added that the product is structured to use IBIT, a spot bitcoin ETF, based on a partnership with BlackRock.
It was assessed as maintaining a principal-protection structure for annuity assets while including a bitcoin ETF to provide a return opportunity linked to cryptocurrency price movements.

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Delaware Life Insurance Company has launched a fixed indexed annuity (FIA) that includes bitcoin (BTC) exposure.

Eric Balchunas, Bloomberg’s ETF specialist analyst, said on the 20th (local time) via his X (formerly Twitter) that the product was designed based on a partnership with BlackRock and is structured to use IBIT, a spot bitcoin ETF.

The product’s key feature is that it maintains principal-protection mechanics for annuity assets while including a bitcoin ETF as an index component, offering a return opportunity linked to cryptocurrency price movements.

Delaware Life is seen as a case of combining digital-asset exposure with traditional insurance and annuity products, highlighting that institution-oriented annuity products using bitcoin ETFs are expanding in earnest.