Kraken Institutional, Bitwise launch 'Bitwise Custom Yield' strategy

Kraken Institutional, the crypto trading service for institutional clients from Kraken, has partnered with Bitwise Asset Management to launch its first managed investment strategy, "Bitwise Custom Yield," The Block reported. The service is designed to allow institutional investors to generate yield on their crypto assets while using Kraken's custody system. Bitwise will be responsible for portfolio management, while Kraken will handle custody, execution, and risk management. The strategy will initially focus on BTC, generating returns through a covered call approach of selling call options against BTC collateral.