尋求比特幣回報？ Coinbase的新基金提供了一種保守的方法

由於Coinbase Asset Management提供的新產品，美國以外的機構投資者很快將有一種新的方式來賺取比特幣收益而無需冒險策略。

Coinbase Asset Management is launching a new Bitcoin yield fund designed for institutional investors outside the U.S., offering a unique avenue for generating consistent returns on BTC without engaging in risky investment practices.

Coinbase Asset Management正在為美國以外的機構投資者設計一個新的比特幣收益基金，為在不從事風險投資慣例的情況下提供了一條獨特的途徑，可為BTC產生一致的回報。

Set to commence operations on May 1, the Coinbase Bitcoin Yield Fund (CBYF) will focus on delivering stable BTC-denominated yields through low-risk market strategies. In contrast to speculative lending or staking techniques, the fund aims to provide a conservative approach to income generation.

Coinbase Bitcoin收益基金（CBYF）將於5月1日開始運營，將重點介紹通過低風險的市場策略提供穩定的BTC貶低收益率。與投機性貸款或存放技術相反，該基金旨在為收入提供保守的方法。

Rather than promising high-interest rates like some crypto lending platforms of the past, which often led to difficulties, CBYF will utilize cash-and-carry arbitrage to generate yields. This method leverages price discrepancies that typically arise between Bitcoin’s spot and futures markets.

CBYF並沒有承諾像過去的某些加密貸款平台那樣承諾像過去的某些加密借貸平台那樣，而是會遇到困難，而是會利用現金和攜帶的套利來產生收益率。這種方法利用比特幣現場和期貨市場之間通常出現的價格差異。

The fund will not have any exposure to third-party loans or derivatives strategies, and it will use third-party custodians to further protect client assets. Moreover, the fund is expected to generate annual net returns of 4% to 8%, which will be paid directly in Bitcoin.

該基金將不會接觸第三方貸款或衍生品策略，它將使用第三方保管人進一步保護客戶資產。此外，該基金有望產生4％至8％的年淨回報，這將直接以比特幣支付。

“We are pleased to partner with Coinbase to bring this innovative product to market,” said Elliot Andrews, CEO of Aspen Digital.

Aspen Digital的首席執行官Elliot Andrews說：“我們很高興與Coinbase合作將這一創新產品推向市場。”

“Institutions have been searching for a way to earn consistent returns from Bitcoin in a manner that is both compliant and minimizes risk in an investment climate that has grown increasingly sensitive.”

“機構一直在尋找一種既合規性又降低越來越敏感的投資氛圍中風險的方式來賺取一致的回報的方法。”

While Bitcoin offers inherent value and appreciation potential, it lacks native yield mechanisms like those found in Proof-of-Stake assets such as Ethereum or Solana. This poses a challenge for investors seeking to generate income from their Bitcoin holdings without engaging in excessive operational or investment risk.

儘管比特幣具有固有的價值和欣賞潛力，但它缺乏像以太坊或索拉納這樣的證明資產中發現的本機產量機制。這對尋求從其比特幣持有量產生收入的投資者構成了一個挑戰，而不會承擔過度的運營或投資風險。

CBYF was designed to fill this gap, presenting a unique opportunity for investors outside the U.S. to diversify their portfolios with Bitcoin while enjoying the potential for regular returns, paid in BTC to maximize efficiency and minimize exchange rate risk.

CBYF旨在填補這一空白，為美國以外的投資者提供了一個獨特的機會，可以通過比特幣多樣化其投資組合，同時享受定期收益的潛力，以最大程度地提高效率並最大程度地降低匯率風險。

Abu Dhabi-based financial firm Aspen Digital, regulated by the Central Bank of the UAE, is providing early stage capital to the fund and will be the exclusive distributor of CBYF across the United Arab Emirates and Asia.

由阿聯酋中央銀行監管的總部位於阿布扎比的金融公司Aspen Digital正在向該基金提供早期資本，並將成為CBYF的獨家分銷商在阿拉伯聯合酋長國和亞洲。

The fund is set to launch with an initial minimum investment of $5 million.

該基金將以最初的最低投資為500萬美元啟動。

“We are seeing increasing demand for structured digital asset investment products that can be seamlessly integrated into private wealth and institutional portfolios,” added Andrews.

安德魯斯補充說：“我們看到對結構化數字資產投資產品的需求不斷增長，這些產品可以無縫整合到私人財富和機構投資組合中。”