From Cointelegraph
April 28, 2025 8:16 am:

Coinbase is set to launch the Coinbase Bitcoin Yield Fund on May 1, offering BTC exposure for institutional investors outside the US. The fund aims for an annual net return of 4% to 8% on Bitcoin holdings, backed by investors like Aspen Digital. It will use a cash-and-carry strategy to generate yield.

Bitcoin holders can’t earn passive income through staking like ETH or SOL, so the Coinbase fund aims to fill that gap. The fund seeks to reduce investment and operational risks associated with Bitcoin yield products, catering to the risk appetite of institutional investors. This move aligns with the growing demand for Bitcoin yield opportunities.

Read more at Cointelegraph: Coinbase to launch yield-bearing Bitcoin fund for institutions