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

Coinbase's asset management company is set to launch a new fund, aimed at providing regular income for customers' bitcoin holdings. It is reported that this product, called the Coinbase Bitcoin Yield Fund, is scheduled to launch on May 1st, with a target annual net return rate of 4% to 8%. Profits will be distributed in the form of bitcoin. In addition, this fund is only open to non-US institutional investors.