Coinbase Launches Bitcoin Yield Fund: Unlocking Passive Income for Institutions

Coinbase has unveiled a new fund designed to generate passive income from Bitcoin, offering non-US institutional investors the potential of 4%-8% annual returns. This innovative feature is designed to provide a novel investment strategy for institutions accustomed to traditional asset classes like bonds or equities. The fund leverages a cash-and-carry arbitrage strategy, profiting from price differences between spot markets and futures markets to generate consistent income.