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Fineqia Bitcoin Yield ETP(YBTC) is listed on the Vienna Stock Exchange.
According to Gate News bot and CoinDesk, a Bitcoin exchange-traded product (ETP) that utilizes decentralized finance (DeFi) market returns made its debut on Tuesday. The issuer, Fineqia, claims it to be a pioneer among similar products.
Fineqia Bitcoin Yield ETP (YBTC) is listed on the Vienna Stock Exchange, aiming to achieve an annual yield of 6% by investing investor funds into DeFi strategies. This product is issued by Fineqia's subsidiary located in Liechtenstein and is advised by Psalion Yield, a digital asset investment company focused on blockchain yields.
Unlike existing cryptocurrency yield ETPs that rely on derivatives or structured notes, YBTC maintains a one-to-one exposure to Bitcoin while directly generating returns from DeFi protocols.
Fineqia CEO Bundeep Singh Rangar stated: "It allows investors to earn more returns while holding BTC, combining long-term confidence with compound returns, all within a regulated framework."
ETP also supports physical transfer, which means that digital asset holders can directly contribute BTC to the product without first converting it to cash, thereby creating a taxable event.
The emergence of YBTC comes at a time when investors' interest in cryptocurrency investment is increasing. These investment products bridge the gap between digital assets and traditional investors, allowing them to invest in digital assets through brokerage accounts in a familiar way, without the need for crypto wallets and blockchain transactions.
Fineqia stated that Bitcoin exchange-traded products have grown rapidly over the past year, attracting $150 billion in assets.