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Bloomberg: CEX will launch a Bitcoin yield fund aimed at institutional investors.
On April 28, according to Bloomberg, CEX Asset Management is about to launch a new fund aimed at providing regular returns on clients’ Bitcoin holdings. This product, named CEX Bitcoin Yield Fund, is scheduled to start on May 1, with a target annual net return rate of 4% to 8%, and the returns will be distributed in Bitcoin. The fund is only open to non-U.S. institutional investors.