Coinbase Unveils Bitcoin Yield Fund for Institutional Investors

Coinbase Asset Management is set to launch its Bitcoin Yield Fund on May 1, 2025, targeting institutional investors outside the U.S. The fund aims to deliver an annual net yield of 4%-8%, with returns paid in Bitcoin. This innovative product leverages a basis trading strategy between spot and perpetual futures markets to generate yield. Aspen Digital has already committed as a seed investor, highlighting strong institutional demand for Bitcoin-based yield products. This move underscores Coinbase’s continued expansion into sophisticated financial offerings for the crypto market.

Coinbase Launches Bitcoin Yield Fund for Institutions

Coinbase Asset Management will debut its Bitcoin Yield Fund on May 1, targeting institutional investors outside the U.S. The fund aims to deliver an annual net yield of 4%-8%, with returns paid in Bitcoin. A basis trading strategy between spot and perpetual futures markets underpins the product’s yield generation.

Aspen Digital has committed as a seed investor, signaling robust institutional demand for Bitcoin-based yield products. The launch reflects growing sophistication in cryptocurrency investment vehicles as traditional finance seeks exposure to digital asset returns.

Coinbase Urges SEC to Lift Crypto Ban on Staff for Effective Market Oversight

Coinbase is pressing the U.S. Securities and Exchange Commission to rescind its prohibition on staff engaging with cryptocurrencies not classified as securities. The exchange argues that the policy hampers regulators’ ability to grasp the nuances of the digital asset market.

In an April 22 letter, Chief Legal Officer Paul Grewal appealed to SEC Chair Gary Gensler and the Office of Government Ethics, contending the ban undermines the agency’s regulatory effectiveness. The move comes as federal agencies face a 180-day deadline to submit recommendations for bolstering U.S. leadership in digital finance under presidential directive.

"SEC personnel remain barred from interacting with the very technology they’re tasked with overseeing," Grewal noted, highlighting the paradox of regulators being kept at arm’s length from their subject matter.

XRP Hits Monthly High Amid Whale Activity and ETF Speculation

XRP surged to a monthly high of $2.36, driven by significant whale transactions and growing market Optimism over a potential ETF approval. The cryptocurrency briefly touched $2.36 before stabilizing at $2.31, retaining most of its gains. Technical indicators suggest the rally may have further room to run.

A notable 29.5 million XRP transfer, valued at approximately $68.7 million, was recorded to Coinbase. The transaction, settled on the Ripple blockchain with a negligible fee of 0.00001 XRP, has sparked speculation about impending large-scale market moves. Such whale activity often precedes volatility, leaving traders watching for follow-through action.

Coinbase to Launch Bitcoin Yield Fund for Non-US Investors

Coinbase Asset Management is set to introduce a Bitcoin Yield Fund targeting non-U.S. institutional investors, with a planned launch on May 1. The fund aims to deliver an annualized net return of 4% to 8%, paid in Bitcoin, using a cash-and-carry basis trade strategy rather than traditional staking.

The strategy capitalizes on price discrepancies between spot Bitcoin and perpetual futures contracts, a method that tends to perform well in rising markets. This move underscores Coinbase’s push to expand its institutional offerings amid growing demand for crypto yield products.