CandleFocus Core Wants to Launch a Bitcoin Yield ETF in US Within Five Years, Says Exec
2024-09-19
Author: Content Editor
Bitcoin staking Layer-1 network Core plans to enter the U.S. exchange-traded fund (ETF) market in the next five years. Core introduced yield-bearing Exchange-Traded Products (ETPs) earlier this year and aims to roll out ETFs in the U.S. once regulatory frameworks allow it. The company's non-custodial BTC staking product has fueled growth in the decentralized finance (DeFi) sector. Core's hybrid consensus model combines Bitcoin miner hash rate delegation with staking to provide security and scalability. It plans to expand its ETP offerings throughout the world and prepare for potential ETF offerings in the U.S.
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