Coinbase's asset management company will launch a Bitcoin yield fund targeting institutional investors.

According to the Securities Times APP, Coinbase Asset Management Company, a subsidiary of Coinbase (COIN.US), is about to launch a new fund aimed at providing regular income for customers' bitcoin holdings. It is reported that this product, named the Coinbase Bitcoin Yield Fund, is scheduled to be launched on May 1st with a target annual net return rate of 4% to 8%, and the returns will be distributed in the form of bitcoin. In addition, the fund is only open to non-U.S. institutional investors.