Two large insurance companies in Russia have launched investment-linked life insurance products tied to Bitcoin.

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According to Mars Finance news, as reported by Cyptoslate citing local media, two large insurance companies in Russia, 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 BlackRock's iShares Bitcoin Trust (IBIT), which is the largest Bitcoin ETF by Assets Under Management. These ILIPs are designed for high-net-worth individuals who wish to profit from Bitcoin price fluctuations without directly holding Bitcoin.

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