mt logoMyToken
Total Market Cap:
0%
Fear & Greed Index:
0%
Spot --
Exchanges --
ETH Gas :--
EN
USD
APP

Coinbase Launches Bitcoin Yield Fund for Institutions

Favorite
Share

The post Coinbase Launches Bitcoin Yield Fund for Institutions appeared first on Coinpedia Fintech News

Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund on May 1. The fund targets an annual net yield of 4%-8%, with returns paid in Bitcoin. Available exclusively to institutional investors outside the U.S., it uses a basis trading strategy between spot and perpetual futures markets. Aspen Digital, among other institutions, has joined as a seed investor, reflecting strong interest from the institutional sector in Bitcoin yield products.

Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact