Coinbase (NASDAQ:COIN) has noted that Bitcoin (BTC), the flagship cryptocurrency, is increasingly being recognized as a global monetary alternative to the US dollar and gold, solidifying its role as a store of value and reserve asset. As more investors choose to denominate their savings in BTC, the demand for bitcoin yield-generating products has grown, Coinbase claims.
In May of this year, the crypto exchange had launched the offshore Coinbase Bitcoin Yield Fund for non-US investors to address the institutional demand for bitcoin yield. US investors reportedly took note and asked for the same.
Now, Coinbase Asset Management is pleased to launch the Coinbase US Bitcoin Yield Fund (USCBYF), which aims to deliver bitcoin performance + additional BTC yield.
USCBYF details are as follows: It is available to US accredited investors starting in the coming weeks. Accredited investors can subscribe “to the fund with in-kind bitcoin, USD, or USDC, and earn the return of bitcoin (BRR) + yield.”
As explained in the announcement, Yield is generated from “a combination of BTC private credit lending and basis trading.”
As stated in a blog post, the Fund should be available in certain retirement accounts in 2026.
Coinbase Asset Management has teamed up with iTrustCapital, the US self-directed digital asset IRA tech provider.
This partnership enables accredited investors in USCBYF to hold their investments in “tax-deferred” IRA accounts, improving the way investors save for their retirement.
In other recent updates from Coinbase, it was noted that they are making an investment in CoinDCX, a crypto exchange in India and the Middle East, building on their earlier investments in CoinDCX via Coinbase Ventures.
Coinbase added that this investment underscores the potential they see in these regions.
With more than 1.4 billion people, steady tech adoption, and more than 100 million crypto owners, India and the Middle East are set to play a major role in the adoption of crypto – and CoinDCX (although hacked earlier this year) is described as a business built for scale at the center of the region’s growth opportunity.
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