Bitcoin joins Delaware Life's retirement insurance product portfolio

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Delaware Life Insurance Company is adding a limited Bitcoin exposure to its retirement annuity portfolio through an index developed by BlackRock. The new product combines U.S. stocks with a small, risk-managed Bitcoin allocation, accessed indirectly via BlackRock’s iShares Bitcoin Trust ETF, rather than holding BTC directly.

The index employs a volatility control mechanism, maintaining fluctuations around 12%, to allow participants to benefit from Bitcoin price volatility while preserving principal according to the annuity terms. The product will be launched in three fixed index annuity packages offered by Delaware Life.

BlackRock launched a Bitcoin ETF in January 2024, now with a market capitalization of over $70 billion, the largest in the spot market. The trend of integrating Bitcoin into retirement products is spreading, from insurance to 401(k) plans in the U.S.

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