Fineqia International Inc (CSE:FNQ, OTC:FNQQF) said it will waive the management fee on its Bitcoin Yield exchange-traded product (YBTC) from October 1 through December 3.
“This waiver allows investors to experience YBTC’s yield-generation capabilities with reduced costs during heightened Bitcoin market activity,” said Warren Sergeant, Fineqia’s chief financial officer.
YBTC is a physically backed Bitcoin ETP that generates additional Bitcoin through decentralized finance (DeFi) yield activities in select European markets.