Bitcoin Yield ETP Launches on Vienna Stock Exchange Targeting 6% Return
The Fineqia Bitcoin Yield ETP (YBTC) has launched on the Vienna Stock Exchange, representing a unique product that generates yield from decentralized finance (DeFi) markets. Key details include:
- Targets a 6% annual yield by utilizing investor capital in DeFi strategies.
- Maintains one-to-one exposure to bitcoin without relying on derivatives or structured notes.
- Supports in-kind transfers, allowing BTC holders to contribute directly without incurring taxable events.
- Issued by Fineqia’s Liechtenstein subsidiary, advised by Psalion Yield.
This launch comes amid increasing interest in crypto-focused investments, facilitating access for traditional investors through brokerage accounts instead of crypto wallets. Bitcoin ETPs have gained popularity, accumulating $150 billion in assets over the past year.