According to CoinMeta, the American financial services company Equitable announced the addition of a Bitcoin-linked investment option to its SCS Premier product. The company stated that this is the first Bitcoin-linked investment option in a registered index-linked annuity (RILA) in the industry, which is linked to the performance of iShares Bitcoin Trust ETF (IBIT) under BlackRock and does not dynamically allocate stocks, cash, or other assets. This option has a term of one year and offers four levels of downside protection: 10%, 15%, 20%, and 40%. The allocated amount typically does not exceed 25% of the value of the annuity contract. Investors are still responsible for any losses that exceed the protection range, and returns are subject to terms such as contract limits.