🪙 Coinbase Launches Bitcoin Yield Fund

Coinbase Asset Management has announced the launch of the Coinbase Bitcoin Yield Fund (CBYF), which will generate annual Bitcoin yields of 4-8% for institutional investors outside the United States.

The fund's strategy is based on arbitrage between spot markets and derivative BTC markets.

🚀 CBYF will launch on May 1 and will avoid risky schemes like high-yield lending. Aspen Digital will be the fund's primary partner in the UAE and Asia.