Coinbase to Launch Bitcoin Yield Fund on May 1 Offering 4-8% Yield to Non-U.S. Investors

Coinbase, a leading cryptocurrency exchange, is set to launch the Coinbase Bitcoin Yield Fund on May 1. The fund aims to provide non-U.S. institutional investors with an annualized net yield of 4% to 8%, with returns paid in Bitcoin. The fund will employ a cash-and-carry trade strategy between spot and futures markets to generate returns. This initiative reflects Coinbase’s strategy to offer yield opportunities on Bitcoin holdings, catering to the growing demand for crypto-based yield products among institutional investors globally. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant