Coinbase Launches New Bitcoin Yield Fund Aiming for 4-8% Annualized Returns

Coinbase is entering the institutional cryptocurrency market with a new fund designed to provide investors with yield on their Bitcoin holdings. This cash-and-carry model, dubbed the Coinbase Bitcoin Yield Fund (CBYF), aims to offer investors an annualized return of 4-8%. With bullish predictions for Bitcoin’s future, analysts are confident in the coin’s potential breakout.