🏦Coinbase Launches Bitcoin Yield Fund for Institutions

gm Defiers!

Leading US crypto exchange Coinbase has launched a new Bitcoin yield fund, seeking to offer institutions a safe way to earn a return on their BTC holdings.

Investors are piling back into crypto, with crypto funds notching up their highest weekly inflows since December. Bitcoin’s relative resilience compared to equities may be boosting sentiment.

Plus, Tether accumulates tons of gold, PancakeSwap rebrands V4, and GBTC continues to be a cash cow for Grayscale.

✍️ In today’s newsletter:

Coinbase launches BTC yield fund targeting 4%-8% native yield
Crypto ETPs reverse outflow streak with $3.4 billion of inflows
Tether owns 7.7 tons of gold backing XAUT
Has Bitcoin actually decoupled from stocks?
PancakeSwap rebrands V4 as Infinity
Grayscale’s GBTC is more profitable than all other Bitcoin ETFs combined
Casper Network token pops ahead of network upgrade

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🏦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. The fund will focus on the cash-and-carry trade.

📊Crypto Funds Attract $3.4 Billion in Weekly Inflows: CoinShares

Digital asset investment products recorded $3.4 billion in inflows last week, marking the third-largest weekly inflows on record. This figure also represents the most significant inflows since mid-December 2024.

🪙Tether Now Owns 7.7 Tons of Gold to Back Its XAUT Token

Tether has released the attestation report for the first quarter of 2025, revealing that it has 246,523 ounces of gold in storage, equal to 7.7 tons. “Tether Gold continues to demonstrate the strength and resilience of gold as a store of value, especially in times of economic uncertainty,” said CEO Paolo Ardoino.

🤔Has Bitcoin Actually Decoupled From Stocks?

Bitcoin’s relative resilience compared to equities in 2025 has many wondering if Bitcoin is finally transitioning from a risk asset to a store of value. BTC is up 2.55% so far this year, while the S&P 500 is down 6% in the same period.

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DeFi Saver launches the new Discover feature in an effort to aid users in making well-informed, optimal decisions for their investments. Users are now able to have a clear overview of all available market options on DFS, in one easy click. You can filter out specific collateral and debt tokens, liquidity pools and protocols across Ethereum mainnet, Arbitrum, Optimism and Base networks, without the need to collect your wallet. Built for all users regardless of experience or portfolio size, Discover is here to help all users optimize their DeFi strategies with ease.

🥞PancakeSwap Rebrands v4 as 'Infinity' With Major Customization and Gas-Saving Upgrades

PancakeSwap Infinity – which is live on BNB Chain to start – aims to provide more flexibility for traders and liquidity providers. It also lets developers build custom features using "hooks," such as trading fee discounts or dynamic rewards.

💰GBTC Remains a Cash Cow for Grayscale

Despite charging fees six times higher than its competitors, the Grayscale Bitcoin Trust ETF still has almost $18 billion under management. Grayscale makes $268.5 million by itself – almost double the annual revenue of BlackRock’s iShares Bitcoin Trust (IBIT)