Sypher Bitcoin Yield Fund — Launched Dec 2024
Bitcoin that earns
while you hold.
SBYF targets 3–8% gross annual yield on Bitcoin through institutional Layer-2 strategies. In-kind BTC subscriptions accepted — tax-free entry and exit.
- Management absorbs all fees if annual yield falls below 1%
- In-kind BTC subscription & redemption — non-taxable event
- Positive yield generated every month since inception (Dec 2024)
- No rehypothecation. No covered calls. Full BTC price appreciation retained.
- Downside improvement +13–32%, Upside +49–110% vs hold only
3–8%
Target BTC Yield
1%
Mgmt Fee · 0% Perf.
$250K
Minimum (BTC or USD)
Monthly
Liquidity Windows
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