logo
Coinbase to Launch Institutional Fund Offering Yield on Bitcoin

Coinbase to Launch Institutional Fund Offering Yield on Bitcoin

Bloomberg28-04-2025
Coinbase Asset Management is launching a new fund that aims to deliver a regular yield on a customer's Bitcoin holdings.
The Coinbase Bitcoin Yield Fund, which is set to launch on May 1, will seek a 4% to 8% annualized net return, delivered in Bitcoin, and will only be open to non-US institutional investors.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bessent Pushes Lower Rates, Apple's AI Push
Bessent Pushes Lower Rates, Apple's AI Push

Bloomberg

time21 minutes ago

  • Bloomberg

Bessent Pushes Lower Rates, Apple's AI Push

On today's episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss US Treasury Secretary Scott Bessent's most explicit call for a rate cut. They also spoke with Gary Evans, Chairman and CEO of United States Antimony Corp., and Bloomberg News Economic Statecraft Reporter Joe Deaux on the future of antimony mining in the US. Mark Gurman also broke down the latest reporting on Apple's plot for an AI comeback, and Bloomberg's Nick Wadhams looked ahead to President Trump's summit with Russian President Vladimir Putin. (Source: Bloomberg)

Stock Movers: Paramount, Bullish, Cisco
Stock Movers: Paramount, Bullish, Cisco

Bloomberg

time21 minutes ago

  • Bloomberg

Stock Movers: Paramount, Bullish, Cisco

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Matt Miller, Carol Massar and Tim Stenovec. - Paramount Skydance (PSKY) shares climbed in trading today adding to Tuesday's 8.4% advance and making it one of today's top performers in the S&P 500. Paramount Skydance is the resulting company formed by Paramount Global's merger with Skydance Media, which was approved by the FCC on July 25; the combined company began trading on Aug. 8. On Aug. 11, Paramount said it has acquired the exclusive rights to show all events from the Ultimate Fighting Championship in the US from TKO Group in a $7.7 billion, seven-year deal. - Bullish (BLSH) shares jumped 132% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering. The IPO was more than 20 times oversubscribed, people familiar with the matter have said. Bullish, which counts former New York Stock Exchange president Tom Farley as its Chief Executive Officer, offers crypto spot trading, margin trading and derivatives trading, with a focus on institutional investors, the filing shows. Its margin and derivatives products aren't currently available in the US or to US users. - Cisco (CSCO) the largest maker of machines that run computer networks and the internet, gave a lukewarm forecast for the current fiscal year, disappointing investors who hoped for a boost from massive AI data center projects. Sales will be between $59 billion and $60 billion in the fiscal year that runs through July 2026, the company said in a statement Wednesday. At the midpoint, that's roughly in line with the average Wall Street estimate of $59.5 billion, according to data compiled by Bloomberg. Some analysts, though, we're looking for more than $61 billion.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store