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Coinbase is set to launch its Bitcoin Yield Fund on May 1, targeting institutional investors with 4%–8% annual returns. The fund aims to provide passive income opportunities for Bitcoin holders outside the US.
- Coinbase's Bitcoin Yield Fund targets 4%–8% annual returns for institutional investors outside the US.
- The fund uses a cash-and-carry strategy to generate yield, addressing Bitcoin's lack of staking options.
- Bitcoin's recent price recovery is attributed to ETF inflows and institutional buying, with potential retail interest if BTC surpasses $100,000.
📎 Related coverage from: cointelegraph.com