Coinbase Asset Management has launched the Bitcoin Yield Fund with trading starting 1 May 2025. It is targeting a net annual yield of between 4 and 8 percent on BTC by taking advantage of cash and carry arbitrage between spot and perpetual futures contracts. The fund is open only to institutions outside of the United States. Full details here
I used to allocate to similar yield services until the crypto banking collapse in 2021 saw many platforms fail or suspend withdrawals. Since then regulatory frameworks have tightened and new compliance measures have been introduced. Personally I would consider exploring this strategy for a slice of my portfolio.
Are others here interested in institutional yield offerings at these rates? Do you expect retail equivalents to appear soon or competing products from other providers? How do you balance yield products against staking or long-term holding in today’s market climate?
