- Delaware Life Insurance Company added a Bitcoin-inclusive index option to its fixed indexed annuity lineup.
- The index uses the iShares Bitcoin Trust (IBIT) for Bitcoin exposure inside a principal-protected structure.
- The index is the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index, which targets 12% volatility and uses cash adjustments to smooth Bitcoin swings.
- Policyholders will access Bitcoin indirectly through an ETF inside the annuity; gains are typically capped and losses are limited by the principal protection feature.
- The move follows broader Wall Street interest in Bitcoin ETFs, including more than $530 million in structured notes tied to IBIT and earlier structured product activity from firms such as Jefferies, Goldman Sachs, Morgan Stanley, and JPMorgan.
Delaware Life Insurance Company has added the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index as an option in several fixed indexed annuity products, effective now, to give policyholders indirect Bitcoin exposure through an ETF inside the index. The firm said it chose the index to offer Bitcoin exposure while preserving the principal-protection features of a fixed indexed annuity.
Fixed indexed annuities pair protected principal with returns linked to an index; they typically cap gains and set returns to zero rather than negative when the index falls. The Bitcoin component in the index comes via the iShares Bitcoin Trust (IBIT), which held about $74.5 billion in assets under management by the end of last week.
The new index option will be available for the Momentum Growth, Momentum Growth Plus, and DualTrack Income annuity products. The BlackRock index targets 12% volatility and applies cash adjustments to help offset Bitcoin’s price swings.
“As the retirement-planning landscape evolves, we’re continuously and thoughtfully innovating to meet the needs of financial professionals and their clients”, said Colin Lake, president and CEO of Delaware Life marketing, in a press release.
Since the launch of U.S. Bitcoin ETFs two years ago, Wall Street firms have layered ETF-based products into structured notes and wealth offerings; Jefferies issued an early U.S. structured note tied to a Bitcoin ETF in July last year, and major banks have sold more than $530 million in IBIT-linked structured notes. An unrelated market widget included in the original reporting is available as an embedded resource Ethereum-next-move-pump-to-4k-or-dump-to-2-5k?utm_source=decrypt&utm_id=delaware-life-insurance-bitcoin-exposure”>here.
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