Here’s something new and shiny in the crypto world! Fineqia has just launched a Bitcoin exchange-traded product (ETP) that claims to bring in a cool 6% annual yield from decentralized finance (DeFi) markets. Yep, you read that right. A yield from DeFi. Who said crypto wasn’t growing up?
The Fineqia Bitcoin Yield ETP (YBTC) just landed on the Vienna Stock Exchange, and it’s already shaking things up. Unlike the usual crypto yield products that play with derivatives or structured notes, this one does things differently. YBTC stays true to its roots with one-to-one exposure to Bitcoin while raking in returns directly from DeFi protocols. Talk about working smarter, not harder!
The Perks of YBTC
Bundeep Singh Rangar, the CEO of Fineqia, put it perfectly when he said,
"It allows investors to earn more BTC while they hold it, combining long-term conviction with compounding returns, all inside a regulated wrapper."
Translation: you get to stack up on more BTC while keeping everything neat and legal. Nice.
Here’s the kicker: YBTC also supports in-kind transfers. Meaning, if you've got some BTC lying around, you can just throw it into this ETP without converting it into cash first. No taxable event. How sweet is that?
And let's be real, crypto-focused investments are having their moment. As interest in these products grows, they’re bringing digital assets to the masses. You don’t need a crypto wallet or know the first thing about blockchain to get involved now. Just your regular old brokerage account.
Bitcoin ETPs have been on a roll, too, with $150 billion in assets gobbled up over the past year. Looks like YBTC is joining the party at just the right time.
Kristian Koch
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