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Bitcoin ETP With DeFi Yield Goes Live in Europe

The Fineqia Bitcoin Yield ETP deploys the underlying assets in decentralized finance yield strategies to offer investors a return on BTC holdings.

Updated Jul 1, 2025, 6:59 a.m. Published Jul 1, 2025, 6:58 a.m.
(AnaFox_photo/Getty images)

What to know:

  • Asset manager Fineqia has launched a Bitcoin Yield ETP on the Vienna Stock Exchange, aiming for a 6% annual yield through DeFi strategies on top of bitcoin's price.
  • The ETP allows in-kind transfers, enabling digital asset holders to contribute BTC directly without converting to cash.
  • Bitcoin exchange-traded products has enjoyed rapid growth, managing $150 billion of assets, Fineqia said.

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

The Fineqia Bitcoin Yield ETP (YBTC), listed on the Vienna Stock Exchange, targets a 6% annual yield by deploying investor capital into DeFi strategies. It is issued by Fineqia’s Liechtenstein-based subsidiary and advised by Psalion Yield, a digital asset investment firm focused on blockchain-based yield.

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Unlike existing crypto yield ETPs that rely on derivatives or structured notes, YBTC maintains one-to-one exposure to bitcoin while generating returns directly from DeFi protocols.

“It allows investors to earn more BTC while they hold it, combining long-term conviction with compounding returns, all inside a regulated wrapper,” said Fineqia CEO, Bundeep Singh Rangar.

The ETP also supports in-kind transfers, meaning that digital asset holders can contribute BTC directly to the product without the need to first convert into cash incurring a taxable event.

YBTC arrives at a time when investor interest in crypto-focused investments is growing. These investment products has brought digital assets closer to traditional investors, allowing them to invest in digital assets in a familiar way through brokerage accounts without the need of crypto wallets and blockchain transactions.

Bitcoin exchange-traded products enjoyed rapid growth over the past year and have gobbled up $150 billion of assets, Fineqia said.

Read more: BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.

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