Gold prices steady ahead of Fed decision; weekly weakness noted
LONDON - Fineqia International Inc. (CSE:FNQ)(OTC:FNQQF)(Frankfurt:FNQA) announced Wednesday the launch of its Bitcoin Yield Exchange Traded Product (ETP) that aims to generate a 6% annual yield for investors through decentralized finance activities.
The new product, trading under the ticker YBTC (ISIN:LI1444931821) on the Vienna Stock Exchange, automatically converts yield into additional Bitcoin, allowing investors to increase their holdings without additional capital investment.
"With YBTC, we’ve transformed Bitcoin from a store of value into a yield-generating digital asset," said Bundeep Singh Rangar, chief executive officer of Fineqia, according to the company’s press release.
The ETP is physically backed by Bitcoin and offers daily liquidity while maintaining full exposure to Bitcoin price movements. Unlike some structured products that cap upside potential through options-based strategies, YBTC allows investors to retain complete Bitcoin exposure while earning additional BTC through DeFi yield activities.
Issued by Fineqia AG, the company’s Liechtenstein-based subsidiary, the product is available to both institutional and retail investors. It joins Fineqia’s existing portfolio of yield-oriented crypto investment vehicles, which includes the Fineqia FTSE Cardano Enhanced Yield ETN.
According to data cited in the company’s announcement, Bitcoin ETPs now account for more than $150 billion in global assets under management, based on CoinShares’ Digital Asset Funds Report.
The company stated that the total value locked in DeFi protocols surpassed $182 billion in December 2024, according to DeFi Llama, highlighting the growing interest in decentralized finance activities that include borrowing, lending, trading and liquidity provisioning conducted on blockchain networks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.