A bitcoin
negotiated product (ETP) which generates the yield from decentralized finances (Challenge) The markets made their debut on Tuesday, in what the Pétéqia transmitter calls a first of its kind.
Bitcoin fineqia etp yield (YBTC)Registered at the Vienna Stock Exchange, targets an annual return of 6% in deployment of investor capital in DEFI strategies. It is published by the subsidiary based on Liechtenstein de Fineqia and advised by Psalion Rende, a digital asset investment company focused on blockchain.
Unlike existing crypto efficiency ETPs based on derivatives or structured notes, YBTC maintains an individual exposure to Bitcoin while generating yields directly from the DEFI protocols.
“It allows investors to earn more BTC while they hold it, combining long -term conviction with aggravated yields, all in a regulated Wrapper,” said Fineqia CEO, Bundeep Singh Rangar.
The ETP also supports in -kind transfers, which means that digital asset holders can contribute directly to the BTC to the product without needing to convert first into cash incurring a taxable event.
The YBTC arrives at a time when the interest of investors for investments focused on the crypto-axed increases. These investment products have compared the digital assets of traditional investors, allowing them to invest in digital assets familiarly through brokerage accounts without the need for cryptographic portfolios and blockchain transactions.
Products negotiated in exchange for Bitcoin have experienced rapid growth in the past year and have engulfed $ 150 billion in assets, said Fineqia.
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