Overview

• Aimed at professional and institutional investors, the fund offers monthly liquidity under a stated risk-management framework.
• Shares can be pledged as collateral for U.S. dollar Lombard loans at Sygnum, enabling liquidity without selling Bitcoin exposure.
• Target returns are net of fees and distributed in BTC to grow coin holdings while preserving price exposure.
• Starboard Digital runs the arbitrage strategies, which were not disclosed, in a structure presented as a regulated alternative to riskier lending or DeFi custody.
• Industry research cited in the launch notes that roughly 0.8% of the Bitcoin supply is used in DeFi, pointing to a sizable untapped yield opportunity.