Coinbase will launch Bitcoin Earnings Fund on May 1 for non-US institutional investors

PANews reported on April 28 that according to Bloomberg, Coinbase Asset Management will launch the Coinbase Bitcoin Yield Fund on May 1, with an annualized net return of 4%-8%. The income is paid in Bitcoin and is only for non-US institutional investors. The fund adopts a spread arbitrage strategy between spot and perpetual contracts. The funds are kept by Coinbase and other qualified custodians, and Bitcoin can be withdrawn monthly. Institutions such as Aspen Digital have participated in seed investment.