A bitcoin
The Fineqia Bitcoin output ETP (YBTC), stated on the Vienna Stock Exchange, focuses on an annual yield of 6% by using investment capital in Defi strategies. It is published by the subsidiary of Fineqia in Liechtenstein and advised by Psalion Yield, a digital investment company of assets focused on blockchain-based yield.
In contrast to existing crypto yield ETPs that depend on derivatives or structured notes, YBTC maintains one-on-one exposure to Bitcoin while the return generates directly from Defi-Protocols.
“It allows investors to earn more BTC while they hold it, which combines the long -term conviction with composite returns, all in a regulated wrapper,” said Fineqia CEO, Bundep Singh Rangar.
The ETP also supports in kind transfers, which means that holders of digital assets BTC can contribute directly to the product without first having to be converted into cash in cash with a taxable event.
YBTC arrives at a time when investor interest in crypto-oriented investments is growing. These investment products have brought digital assets closer to traditional investors, so that they can invest in digital assets in a trusted way via Brokerage accounts without the need for crypto portfolios and blockchain transactions.
Bitcoin exchange products have enjoyed rapid growth in the past year and swallowed $ 150 billion in assets, Fineqia said.
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