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.

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