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News Explorer — New Coinbase Institutional Fund Offers Yield on Bitcoin for Non-US Investors

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Apr 28, 11:27 am
www.bloomberg.com

New Coinbase Institutional Fund Offers Yield on Bitcoin for Non-US Investors

Coinbase Asset Management is introducing a new fund to provide a consistent yield on Bitcoin holdings. The Coinbase Bitcoin Yield Fund will be open to non-US institutional investors starting May 1, and will target a 4% to 8% annualized net return in Bitcoin. The fund will employ a "cash-and-carry" trade that leverages the discrepancy between the price of Bitcoin and that of Bitcoin perps to generate returns.

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