Bloomberg: Coinbase to launch Bitcoin income fund for institutional investors
according to Bloomberg, Coinbase Asset Management is about to launch a new fund aimed at providing regular returns on customers' Bitcoin holdings.
The product, named the Coinbase Bitcoin Yield Fund, is scheduled to launch on May 1st, with a target annual net return rate of 4% to 8%, and the returns will be distributed in Bitcoin form. The fund is only open to non-U.S. institutional investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
Bitget Launches PLUME On-chain Earn With 4.5% APR
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Trending news
MoreCrypto prices
More
