A bitcoin
Product exchanged by the exchange (ETP) forming yield from decentralized finance (Defi) The markets won Tuesday, as Issuer Fineqia called the first of its kind.
Fineqia Bitcoin yields ETP (YBTC)Listed to the Vienna Stock Exchange, targeting a 6% annual yield by deploying investor capital to defi techniques. This was issued by a subsidiary based on Fineqia’s Liechtenstein and was advised by Psalion Yield, a digital asset investment firm dedicated to the blockchain -based harvest.
Unlike the existing Crypto ETPs relying on derivatives or structured notes, YBTC retains one-to-one exposure to Bitcoin while developing returns directly from Defi Protocols.
“It allows investors to earn more BTC as they hold it, combining long -term beliefs with returning returns, all within a regulated wrapper,” said the CEO of Fineqia, Bundeep Singh Rangar.
The ETP also supports in-kind shifts, which means that digital asset holders can contribute BTC directly to the product without having to first convert to cash with a tax event.
YBTC arrives at a time when the investor’s interest in crypto -focused investments is growing. These investment products have brought digital assets closer to traditional investors, allowing them to invest in digital assets in a familiar way through broker accounts without the need for crypto wallets and blockchain transactions.
Products exchanged by Bitcoin exchanges enjoyed rapid growth over the past year and gained $ 150 billion assets, Fineqia said.
Read more: Blackrock to list Bitcoin ETP in Europe at the first crypto foray out of the US
