Coinbase will launch a Bitcoin yield fund for institutional investors

ChainCatcher news, according to Bloomberg, Coinbase Asset Management is set to launch a new fund aimed at providing regular income on clients' Bitcoin holdings.

This product, named the Coinbase Bitcoin Yield Fund, is scheduled to launch on May 1, with a target annual net return of 4% to 8%, and the earnings will be distributed in Bitcoin. The fund is open only to institutional investors outside the United States.