Core executives: Bitcoin income ETF to be launched in the United States within five years

According to Decrypt, Rich Rines, the initial contributor of the Bitcoin staking Layer-1 network Core, revealed that the company plans to enter the US ETF market in the next five years. Rines said: "We launched the world's first yield-based Bitcoin ETP on the Frankfurt Stock Exchange in June this year, with the goal of launching an ETF in the United States as soon as possible if regulation permits." The ETP offers a 5.65% yield through non-custodial Bitcoin staking. Messari's report shows that as of the second quarter of 2024, the total locked volume (TVL) of the Core platform DeFi increased by 1032% year-on-year to US$76.4 million, mainly due to its non-custodial Bitcoin staking product launched in April.