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.
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