A bitcoin
Exchange Product (ETP) which generates decentralized finance performance (Defi) Markets debuted on Tuesday, in what the Fineqia sender calls the first of its kind.
Bitcoin Fineqia ETP performance (YBTC)which appears in the Vienna Stock Exchange, it is directed to an annual yield of 6% to the capital deployment of investors in defi strategies. It is issued by the subsidiary based in Liechtenstein de Fineqia and advised by Psalion Undend, a digital asset investment company focused on blockchain -based performance.
Unlike existing cryptographic performance ETPs that depend on structured derivatives or notes, YBTC maintains exposure one by one to Bitcoin while directly generated yields of the DEFI protocols.
“It allows investors to win more BTC while keeping it, combining a long -term condemnation with compound yields, all within a regulated wrapping,” Fineqia’s CEO, Bundeep Singh Rangar told.
The ETP also admits transfers in kind, which means that digital asset holders can contribute BTC directly to the product without the need to first convert into cash by incurring an taxable event.
YBTC arrives at a time when investors’ interest in cryptography centered is growing. These investment products have brought digital assets closer to traditional investors, which allows them to invest in digital assets familiar through brokerage accounts without the need for cryptographic wallets and blockchain transactions.
The products quoted in Bitcoin’s stock market enjoyed rapid growth during the past year and have swallowed $ 150 billion of assets, said Fineqia.
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