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

Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund on May 1, targeting an expected annual net yield of 4%-8% for non-U.S. institutional investors. The fund will pay returns in Bitcoin and utilize a basis trading strategy between spot and futures markets. This new offering aims to provide a regular yield on customers’ Bitcoin holdings. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant