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Coinbase Asset Management & iTrustCapital Partner on Bitcoin Yield Strategy for IRAs
Globenewswire· 2025-10-17 12:57
Core Insights - iTrustCapital has announced a unique integration with Coinbase Asset Management (CBAM) to allow Accredited Investors to hold participations in tax-deferred IRA accounts, marking a significant development in the digital asset IRA space [2][4]. Company Overview - iTrustCapital is the largest self-directed digital asset IRA technology provider in the US, managing over $7 billion in crypto assets [2]. - Coinbase Asset Management is a wholly-owned subsidiary of Coinbase Global, Inc., known for its regulatory compliance and risk management in the crypto space [4][8]. Integration Details - The integration will initially feature a CBAM-managed Bitcoin yield strategy aimed at outperforming Bitcoin's price by providing Bitcoin's beta return plus additional yield [3]. - This partnership is expected to launch in Q4 2025 or early Q1 2026, expanding the range of supported assets for IRA customers [5][6]. Market Context - The integration follows an Executive Order signed by the Trump Administration in August, which promotes actively managed crypto strategies in retirement accounts [4]. - Bitcoin is currently valued at approximately $2.3 trillion, establishing itself as a "digital gold" and a "store of value" for both retail and institutional investors [5]. Strategic Benefits - The collaboration aims to provide institutional-grade yield products with robust security and high-quality service, catering to nearly 100,000 working professionals in the US [4]. - The tax efficiency of Bitcoin yield opportunities in an IRA allows investors to compound and shelter income from taxes, enhancing their retirement savings [5][6].