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exchange-traded product (ETP) that generates yield from decentralized finance (DeFi) markets has debuted on Tuesday, in what issuer Fineqia calls a primary of its variety.

The Fineqia Bitcoin Yield ETP (YBTC), listed on the Vienna Inventory Alternate, targets a 6% annual yield by deploying investor capital into DeFi methods. It’s issued by Fineqia’s Liechtenstein-based subsidiary and suggested by Psalion Yield, a digital asset funding agency targeted on blockchain-based yield.

In contrast to present crypto yield ETPs that depend on derivatives or structured notes, YBTC maintains one-to-one publicity to bitcoin whereas producing returns straight from DeFi protocols.

“It permits buyers to earn extra BTC whereas they maintain it, combining long-term conviction with compounding returns, all inside a regulated wrapper,” mentioned Fineqia CEO, Bundeep Singh Rangar.

The ETP additionally helps in-kind transfers, that means that digital asset holders can contribute BTC on to the product with out the necessity to first convert into money incurring a taxable occasion.

YBTC arrives at a time when investor curiosity in crypto-focused investments is rising. These funding merchandise has introduced digital belongings nearer to conventional buyers, permitting them to put money into digital belongings in a well-known manner by way of brokerage accounts with out the necessity of crypto wallets and blockchain transactions.

Bitcoin exchange-traded merchandise loved fast development over the previous yr and have devoured up $150 billion of belongings, Fineqia mentioned.

Learn extra: BlackRock to Listing Bitcoin ETP in Europe in First Crypto Foray Outdoors U.S.