Bitcoin
Exchange-traded products (ETP) This produces a dispersed financial output (defi) Markets made its debut on Tuesday, and issuer Fineqia called it the first.
Fineqia Bitcoin Production ETP (YBTC)Listed on the Vienna Stock Exchange, with an annual rate of return of 6% by deploying investor capital into a DEFI strategy. It was issued by a subsidiary of Fineqia based in Liechtenstein and was advised by the Psalm’s Rate of Return (a digital asset investment company), which focuses on blockchain-based earnings.
Unlike existing cryptocurrency production ETPs that rely on derivatives or structured annotations, YBTC maintains one-to-one contact with Bitcoin when generating returns directly from the DEFI protocol.
“It allows investors to earn more BTC while holding BTC, combining long-term beliefs with complex gains, all inside regulated wrappers,” said Bundeep Singh Rangar, CEO of Fineqia.
ETP also supports physical transfers, meaning digital asset holders can contribute BTC directly to the product without first converting to cash for taxable events.
YBTC arrives as investors’ interest in crypto-centric investment grows. These investment products bring digital assets closer to traditional investors, allowing them to invest in digital assets in familiar ways through brokerage accounts without the need for crypto wallets and blockchain transactions.
Fineqia said Bitcoin exchange-traded products have grown rapidly over the past year and have added $150 billion in assets.
Read more: BlackRock lists Bitcoin ETP in Europe in the first cryptocurrency outside of us
