The post Core to Launch Bitcoin ETFs in U.S. Market Within Five Years, Leveraging Yield-Bearing BTC Staking appeared on BitcoinEthereumNews.com.

Core, a Bitcoin staking Layer-1 network, is planning to make its mark in the U.S. ETF market within the next five years. This move follows Core’s introduction of the first yield-bearing Bitcoin Exchange-Traded Products (ETPs) earlier this year. Rich Rines, an Initial Contributor to Core, highlighted the company’s goals and future developments in a recent interview. Core’s ambitious plans to enter the U.S. crypto ETF market aim to revolutionize Bitcoin investment by leveraging regulatory advancements and existing success with yield-bearing products. Core’s Initial Success with Yield-Bearing Bitcoin ETPs In June 2024, Core launched its first yield-bearing Bitcoin Exchange-Traded Product (ETP) via Valour, a subsidiary of DeFi Technologies, on the Börse Frankfurt stock exchange. This pioneering product offered investors a 5.65% yield through non-custodial BTC staking, thereby providing an innovative way to earn returns on their Bitcoin holdings. The introduction of such a product marked a significant achievement in the crypto industry, showcasing Core’s ability to meet investor needs in a novel manner. Navigating the U.S. Regulatory Landscape Despite the current complexities within the U.S. regulatory environment for crypto-based ETFs, Core remains optimistic. Rich Rines emphasized that their aim is to roll out ETFs in the U.S. within five years, contingent on the evolution of regulatory frameworks. The growing interest in digital assets points to a promising future where such products can become mainstream investment options. However, achieving this goal will require clear, adaptive regulatory policies to ensure these financial products’ compliance and safety. DeFi TVL Growth and its Implications The second quarter of 2024 witnessed a substantial increase in the platform’s DeFi Total Value Locked (TVL), which rose by 1,032% to $76.4 million, as reported by Messari. This surge was primarily driven by the non-custodial BTC staking product introduced by Core in April 2024. By offering a secure way for…

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Filed under: News - @ September 19, 2024 6:21 pm