TechFlow reported on September 19, according to Decrypt, Rich Rines, an initial contributor to the Bitcoin staking Layer-1 network Core, revealed that the company plans to enter the U.S. ETF market within the next five years. Rines stated, "We launched the world’s first yield-bearing Bitcoin ETP on the Frankfurt Stock Exchange this past June, and our goal is to bring an ETF to the U.S. as quickly as regulations allow." This ETP offers a 5.65% yield through non-custodial Bitcoin staking. A Messari report shows that as of Q2 2024, Core's DeFi total value locked (TVL) surged 1032% year-over-year to $76.4 million, driven primarily by its non-custodial Bitcoin staking product launched in April.
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