The funds’ high yield targets are partly a function of its on-chain structure, he explained. Doing everything on a blockchain cuts as much as 150 basis points in fees that would otherwise go to administrative costs. In private credit, small- and mid-sized businesses in need of financing get their money from specialized lenders instead of banks. These deals have grown into a $1.7 trillion market, according to Bloomberg, that rivals the banks and caters to tony investor types who are willing to lock their money for years in exchange for strong returns.
Is this the start of a deeper correction for Bitcoin?
Key points:Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024.A...
