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Coinbase Asset Management launches the Coinbase US Bitcoin Yield Fund

TL;DR: Coinbase Asset Management is introducing the Coinbase US Bitcoin Yield strategy (USCBYF) to US accredited investors. This fund is designed to seek excess returns over bitcoin.

By Coinbase

Institutional

, October 15, 2025

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Bitcoin is increasingly recognized as a global monetary alternative to the US dollar and gold, solidifying its role as a store of value and reserve asset. As more investors denominate their savings in bitcoin, the demand for bitcoin yield-generating products has grown significantly. 

In May, we launched the offshore Coinbase Bitcoin Yield Fund for non-US investors to address the growing institutional demand for bitcoin yield. US investors took note and demanded the same. Today, Coinbase Asset Management is excited to introduce the Coinbase US Bitcoin Yield Fund (USCBYF), which delivers bitcoin performance + additional BTC yield. 

USCBYF details:

  • Available to US accredited investors starting in the coming weeks. 

  • Accredited investors can subscribe to the fund with in-kind bitcoin, USD, or USDC, and earn the return of bitcoin (BRR) + yield1.   

  • Yield is generated from a combination of BTC private credit lending and basis trading.

  • The Fund will be available in certain retirement accounts in 2026.

Coinbase Asset Management has partnered with iTrustCapital, the largest US self-directed digital asset IRA technology provider. This partnership allows accredited investors in USCBYF to hold their investments in tax-deferred IRA accounts, enhancing the way investors save for retirement.

About Coinbase Asset Management

Coinbase Asset Management (“Coinbase AMˮ or “CBAMˮ) is a dedicated digital asset manager. We manage alternative investment strategies for institutional investors. Our solutions are calibrated to remove barriers and promote institutional engagement in digital assets subject to fiduciary standards. Coinbase Asset Management, LLC is a SEC-registered RIA, CFTC-registered CPO and CTA, and a member of the NFA. CBAM (Cayman) Ltd. SEZC holds a CIMA asset management license. 

About iTrustCapital

iTrustCapital is a leading fintech software platform for alternative assets. The company provides 24/7 access to digital assets, cryptocurrencies, and precious metals through self-directed, tax-advantaged IRA and Non-IRA account options. Leveraging a highly secure closed-loop ecosystem and third-party U.S. banks and custodians, iTrustCapital provides greater asset protection and flexibility for a broad range of retail and institutional clients. The company has earned more than 11,000 excellent reviews from Google and Trustpilot, and has successfully executed more than $15B in crypto transactions to date.

1Target returns are hypothetical and presented for illustrative purposes only. There is no guarantee these targets will be achieved.Net returns are calculated using the standard investment management fee for each fund. CME Bitcoin Reference Rates (BRR) is consistent with the 4PM New York cutoff. The targeted return is based on the Adviser's forward-looking views, internal models, and assumptions regarding market conditions, digital assets volatility, protocol yields, and strategy implementation. These assumptions may not materialize, and actual performance may differ materially. No guarantee is made that the USCBYF will achieve its target. The targeted return is presented solely for illustrative purposes to communicate the investment objectives of the Fund. It does not represent actual performance and should not be relied upon when making an investment decision. Past performance is not indicative of future results, and no representation is made that any investment will achieve its objects or avoid losses.

Disclaimer Coinbase Asset Management is comprised of both CBAM (Cayman) Ltd. SEZC and Coinbase Asset Management, LLC

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