寻求比特币回报？ Coinbase的新基金提供了一种保守的方法

由于Coinbase Asset Management提供的新产品，美国以外的机构投资者很快将有一种新的方式来赚取比特币收益而无需冒险策略。

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正在为美国以外的机构投资者设计一个新的比特币收益基金，为在不从事风险投资惯例的情况下提供了一条独特的途径，可为BTC产生一致的回报。

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）将于5月1日开始运营，将重点介绍通过低风险的市场策略提供稳定的BTC贬低收益率。与投机性贷款或存放技术相反，该基金旨在为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并没有承诺像过去的某些加密贷款平台那样承诺像过去的某些加密借贷平台那样，而是会遇到困难，而是会利用现金和携带的套利来产生收益率。这种方法利用比特币现场和期货市场之间通常出现的价格差异。

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.

该基金将不会接触第三方贷款或衍生品策略，它将使用第三方保管人进一步保护客户资产。此外，该基金有望产生4％至8％的年净回报，这将直接以比特币支付。

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

Aspen Digital的首席执行官Elliot Andrews说：“我们很高兴与Coinbase合作将这一创新产品推向市场。”

“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.”

“机构一直在寻找一种既合规并降低越来越敏感的投资氛围的风险的方式来从比特币中获得一致回报的方法。”

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.

尽管比特币具有固有的价值和欣赏潜力，但它缺乏像以太坊或索拉纳这样的证明资产中发现的本机产量机制。这对寻求从其比特币持有量产生收入的投资者构成了一个挑战，而不会承担过度的运营或投资风险。

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旨在填补这一空白，为美国以外的投资者提供了一个独特的机会，可以通过比特币多样化其投资组合，同时享受定期收益的潜力，以最大程度地提高效率并最大程度地降低汇率风险。

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.

由阿联酋中央银行监管的总部位于阿布扎比的金融公司Aspen Digital正在向该基金提供早期资本，并将成为CBYF的独家分销商在阿拉伯联合酋长国和亚洲。

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

该基金将以最初的最低投资为500万美元启动。

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

安德鲁斯补充说：“我们看到对结构化数字资产投资产品的需求不断增长，这些产品可以无缝整合到私人财富和机构投资组合中。”