Coinbase Global (COIN) Launches US Bitcoin Yield Fund

​Coinbase Global, Inc. (NASDAQ:COIN) is one of the Best Revenue Growth Stocks to Invest In. On October 15, Coinbase Global, Inc. (NASDAQ:COIN) launched the Coinbase US Bitcoin Yield Fund (USCBYF) for accredited United States Investors.

Management noted that the fund aims to offer returns above regular bitcoin price gains. This will be achieved by combining Bitcoin performance with additional yield. Management added that this yield will come from BTC private credit lending and basis trading.

On the same day, Canaccord Genuity slashed its price target on ​Coinbase Global, Inc. (NASDAQ:COIN) to $336.3 from $400 but reiterated a Buy rating.

​Earlier in May, Coinbase Global, Inc. (NASDAQ:COIN) launched an offshore Coinbase Bitcoin Yield Fund for non-US investors to address the demand for bitcoin yield. This new fund meets the same demand for US investors, added the management. The fund is expected to be available in the coming weeks, and investors can subscribe using bitcoin, USD, or USDC.

​Coinbase Global, Inc. (NASDAQ:COIN) operates a leading cryptocurrency platform enabling users to buy, sell, store, and use digital assets securely.

While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.