Coinbase释放了改变游戏规则的比特币产量基金

加密交易所Coinbase（NASDAQ：COIN）于4月28日宣布了针对机构投资者的新计划，启动了Coinbase Bitcoin收益基金（CBYF）

Crypto exchange Coinbase (Nasdaq: COIN) announced on April 28 the launch of the Coinbase Bitcoin Yield Fund (CBYF), a new initiative targeting institutional investors seeking bitcoin yield with minimal risk.

Crypto Exchange Coinbase（NASDAQ：COIN）于4月28日宣布，Coinbase Bitcoin收益基金（CBYF）推出，这是一项针对机构投资者的新计划，以寻求比特币产量的机构投资者的风险很小。

Developed by Coinbase Asset Management (Coinbase AM or CBAM), the CBYF aims to generate steady returns for clients subscribing and redeeming directly in BTC. The company explained: “This fund is a conservative strategy that seeks a 4-8% net return in bitcoin per year, over a market cycle.”

CBYF由Coinbase Asset Management（Coinbase AM或CBAM）开发，旨在为客户直接在BTC中订阅和赎回的客户稳定回报。该公司解释说：“该基金是一项保守的战略，在市场周期内，每年寻求比特币净回报的4-8％。”

The CBYF will accept monthly subscriptions and redemptions with a five-business-day notice period. The strategy is planned to accommodate up to $1 billion in assets under management and will initially be available only to non-U.S. investors through qualified custodians.

CBYF将在五个兼职日通知期内接受每月的订阅和赎回。该策略计划容纳多达10亿美元的管理资产，最初仅通过合格的保管人向非美国投资者提供。

Early support for the CBYF has already emerged. “The fund is seeded by multiple investors, including Aspen Digital, an FSRA-regulated digital asset manager based in Abu Dhabi, UAE,” the company shared. Aspen Digital will also serve as the exclusive wealth distribution partner across the UAE and Asia.

对CBYF的早期支持已经出现。该公司分享道：“该基金由多个投资者种子，包括阿斯彭数字公司，这是位于阿联酋阿布扎比的FSRA监管的数字资产经理。” Aspen Digital还将成为整个阿联酋和亚洲的独家财富分销合作伙伴。

Positioning itself as a gateway for institutions into the crypto sector, Coinbase AM aims to blend traditional finance standards with digital asset expertise. Coinbase Asset Management is a U.S. Securities and Exchange Commission (SEC)-registered investment advisor (RIA), a Commodity Futures Trading Commission (CFTC)-registered commodity pool operator (CPO) and commodity trading advisor (CTA), and a member of the National Futures Association (NFA).

Coinbase AM将自己定位为机构进入加密货币领域的门户，旨在将传统的财务标准与数字资产专业知识相结合。 Coinbase Asset Management是美国证券交易委员会（SEC）注册投资顾问（RIA），商品期货贸易委员会（CFTC）注册的商品池经营者（CPO）和商品贸易顾问（CTA），以及国家期货协会（NFA）的成员。

Highlighting the institutional focus of the fund, Coinbase AM stated: “Coinbase AM designed CBYF to lower expected investment and operational risks, which we believe align with institutional investor risk appetite.”

Coinbase AM强调了该基金的机构重点，并指出：“ Coinbase AM设计的CBYF旨在降低预期的投资和运营风险，我们认为这与机构投资者的风险食欲相符。”

CBAM emphasized that CBYF differs from typical bitcoin yield strategies, which often involve substantial investment or operational hazards. Instead of adopting practices that heighten risk, CBYF’s structure addresses security concerns head-on. The company described: “Rather than move assets out of storage, Coinbase AM uses third-party custody integrations to trade, which we believe significantly reduces counter-party risk. Additionally, our investment strategy avoids riskier high-interest bitcoin loans and systematic call selling.”

CBAM强调，CBYF与典型的比特币产量策略有所不同，这些策略通常涉及大量投资或运营危害。 CBYF的结构没有采用增加风险的实践，而是正面解决了安全问题。该公司描述：“ Coinbase AM并没有将资产从存储中移出，而是使用第三方监护权集成进行贸易，我们认为这会大大降低反党的风险。此外，我们的投资策略避免了更风险的高息比特币贷款和系统性的呼叫销售。”