Coinbase Introduces Bitcoin Yield Fund Seeking 4% to 8% Returns

Coinbase’s institutional investment arm has announced the creation of a new Bitcoin yield fund seeking in-kind returns of 4% to 8% per year. Noting that, unlike Ether, Solana and other proof-of-stake blockchains, Bitcoin produces no passive yield, Coinbase Asset Management said in a blog post that its Coinbase Bitcoin Yield Fund differentiates itself from others that “require institutional allocators to take on significant investment and operational risk.” Instead, it promises a conservative strategy that “avoids riskier high-interest Bitcoin loans and systematic call selling,” Coinbase said. “Rather than move assets out of storage, Coinbase AM uses third-party custody integrations to trade, which we believe significantly reduces counterparty risk.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant