Crypto Asset Managers Chase Yield With New Investment Products

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A cocktail of high inflation and cash-hungry crypto firms are prompting asset managers like BitwiseInvest and 21Shares to offer new yield products. realDannyNelson reports

Crypto shops are betting on lending amid the market downturn with yield products that boast modest annual returns – by the industry’s lofty standards, at least – on their clients’ dollars

By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini in the chase for 4% to 8% yields.

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