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LONDON - Fineqia International Inc. (CSE:FNQ)(Frankfurt:FNQA) announced Monday that its recently launched yield-bearing Bitcoin ETP has accumulated $13.9 million in assets under management (AUM), bringing the company’s total AUM to $36 million.
The Fineqia Bitcoin Yield ETP (YBTC), listed on the Wiener Börse, combines Bitcoin exposure with yield-generating activities executed through decentralized finance protocols. Unlike traditional passive Bitcoin products, YBTC reinvests DeFi-generated rewards back into Bitcoin over time.
"The early momentum behind YBTC underscores investor appetite for products that offer both asset exposure and yield," said Bundeep Singh Rangar, chief executive officer of Fineqia.
The company’s total AUM includes $22.1 million from its previously launched Fineqia FTSE Cardano Enhanced Yield ETN (YADA), which is listed on both Vienna and Stuttgart stock exchanges.
Fineqia AG, the company’s Liechtenstein-based subsidiary that issues these products, is advised by Psalion Operations Limited on designing and managing the ETP’s underlying DeFi architecture.
The YBTC product carries a 1.5% annual management fee and a 20% fee on the yield generated. All ETP running costs are included within these fees.
Fineqia International is publicly listed in Canada with quoted symbols on Nasdaq (OTC PINK:FNQQF) and the Frankfurt Stock Exchange.
This article is based on a press release statement from Fineqia International Inc.
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