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Exchange-traded product (ETP) that generates dividends from decentralized funding (Defi) The markets have debuted on Tuesday, in what Fineqia calls a first of its kind.
FINEQIA BITCOIN — yield ETP (YBTC)Listed on Vienna Stock Exchange, it is targeted at 6% annual dividends by implementing investor capital in defi strategies. It is issued by Fineqia’s Liechtenstein-based subsidiary and advised by Psalion Preat, a digital asset investment company that focused on blockchain-based yield.
Unlike existing crypto yield ETPs that depend on derivatives or structured notes, the YBTC maintains one-on-one exposure to Bitcoin while generating returns directly from defi protocols.
“It allows investors to earn more BTC while keeping it by combining long -term conviction with composed returns, all in a regulated wrapping,” said Fineqia CEO, Bundeep Singh Rangar.
ETP also supports transfers in nature, which means that digital asset holders can contribute BTC directly to the product without having to first convert to cash that incurs a taxable event.
YBTC arrives at a time when investor interest in cryptophocused investments is growing. These investment products have brought digital assets closer to traditional investors so that they can invest in digital assets in a well -known way through brokerage accounts without the need for crypto -draw books and blockchain transactions.
Bitcoin Exchange-Traded Products enjoyed rapid growth in the past year and has been doubling $ 150 billion assets, Fineqia said.
Read more: Blackrock to list Bitcoin ETP in Europe in First Crypto foray outside us
