American financial services firm Equitable has announced the addition of a bitcoin-linked investment option to its SCS Premier product line. The company says this is the industry’s first bitcoin-linked investment option within a registered index-linked annuity (RILA), tracking the performance of BlackRock’s iShares Bitcoin Trust ETF (IBIT). The option will not dynamically allocate stocks, cash, or other assets. The term is one year and offers four levels of downside buffers—10%, 15%, 20%, and 40%. The allocated amount typically does not exceed 25% of the annuity contract value. Investors remain responsible for losses beyond the buffer range, and returns are subject to contract provisions such as caps.