Wall Street Breakfast New bitcoin fund aims for institutions
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Apr 28, 2025 A new Bitcoin yield fund from Coinbase targets institutional investors with a conservative strategy. The conversation dives into the potential impact of tariffs on taxes, raising eyebrows over President Trump's remarks. On the corporate front, mixed sales results from Domino's are analyzed, alongside notable achievements from Pony AI and Deliveroo. Optimism from Goldman Sachs on dividends adds an interesting twist to market insights, as economic trends steer investor sentiment.
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Coinbase Bitcoin Yield Fund Insight
- Coinbase's new Bitcoin Yield Fund targets a 4-8% net return in Bitcoin annually.
- It reduces counterparty risk by using third-party custody integrations instead of moving assets from storage.
Tariffs Can't Replace Income Taxes
- Trade tariffs cannot replace income taxes according to UBS economist Paul Donovan.
- Replacing income taxes with tariffs questions policy competence and risks U.S. dollar faith.
Domino's Mixed Sales Performance
- Domino's Pizza reported mixed quarterly results with declining U.S. store sales but increased international sales.
- CEO Russell Weiner credits strategic pillars for driving sales in tough economic conditions.