Log InOpen Account
BTCaf · Bitcoin Yield

Target 2–5% return on your Bitcoin with BTCaf.*

Put your BTC to work through transparent strategies — issued by AbraFi, and denominated in Bitcoin.

Open an account

*Target range, variable and not guaranteed. Yields are illustrative and involve significant risk, including possible loss of principal.

BTCafIllustrative
2–5%*
target APY on BTC · paid in BTC
Balance15.00 BTC
Earned this year+0.42 BTC
2.00%APY as of 8/10/2026
BTCDenominated in
$0Minimum
FlexibleLiquidity
AbraFiIssuer
How it works

How your Bitcoin earns.

Yield on BTC, paid in BTC — in four steps.

1

Deposit Bitcoin

Fund with BTC — no minimum to begin.

2

Mint BTCaf

Your Bitcoin becomes yield-bearing BTCaf.

3

Strategies deploy

AbraFi generates yield through BTC deposits and conservative, transparent strategies.

4

Yield accrues

Returns accrue in Bitcoin; withdraw on flexible terms.

Allocation Model

Where the Yield Comes From

Follow this diagram to understand each of the different strategies used to generate yield. Yield strategy allocation is regularly rebalanced to optimize performance and align with stringent risk management protocols.

3 · DeployCollectEarned yield is converted to BTC and added back to the position — the BTC position grows, the collateral remains intact1BTC CollateralClient BTC · MPC custody2Borrow StablecoinsConservative LTVStablecoin YieldCollected in stablecoin terms4Convert to BTCPeriodic · in-kind5 · ▲ 100.000 BTCIllustrative — the BTC position grows in-kindRWA YieldTokenized credit and consumer lending poolsYield SpreadRate differential, controlled leverageDeFi LendingInstitutional protocols, variable + fixed rateLiquidity ProvisionStablecoin pools, delta-neutral LP vaultsBasis TradingSpot vs. perpetual funding, fully hedgedOptions StrategiesSystematic covered calls on BTC
Follow the flow of funds

Hover any stage or strategy to see how it works. No BTC is sold, lent, or put at directional market risk — every yield strategy operates on the stablecoin side or is delta-hedged.

Stablecoin flowBTC flow (in-kind yield)Collateral held in qualified custody
Hover or tap a box for detail
Assessing the product

Terms at a glance.

StructureManaged Account
Investment AdvisorAbra Capital Management, LP (ACM)
Investment MinimumNone
Management FeeNone
EligibilityAccredited investors
WithdrawalsEnd of each month
Withdrawal Period30 Days
ReportingMonthly
Qualified CustodianFireblocks Trust
How it compares

More from your Bitcoin.

Target BTCaf yield vs. simply holding.

How you hold BTCTarget yield
Cold storage0%
Exchange wallet (no yield)~0%
BTCaf2–5%*

Illustrative comparison. BTCaf figures are target ranges, variable and not guaranteed.

Yield calculator

See how your bitcoin could grow.

Estimate how your balance could compound over time. Illustrative only — subject to variable rates and risk.

$
1 yr20 yrs
0%20%
0%20%
-100%+100%
Yield Source 1 in 10 years
$148,024
Total return +48%
Yield Source 2 value$110,462
Difference (Source 1 − 2)+$37,562
$0$37k$74k$111k$148kNowYr 2Yr 4Yr 6Yr 8Yr 10
Yield Source 1 (4%)Yield Source 2 (1%)

Illustrative comparison of two yield rates. Yield accrues in-kind and compounds annually; the total Bitcoin price change you set is applied over the horizon (to both sources). Yields are target ranges, variable, and not guaranteed; Bitcoin prices and returns can fall as well as rise. Not investment advice.

Performance

Assessing the product

Historical performance

30 Day90 DayYTD365 DaySince Inception
+3.04%+2.36%+2.15%+2.25%+1.80%

Average APY. Reporting period: through August 2026. Last updated Sep 11, 2026, 12:00 PM UTC. Tracking since April 2024.

APYs shown are gross and exclude applicable advisory fees. The APY represents average annualized yields for the period indicated, are subject to change, are not guaranteed, and are not indicative of future results. See Important Performance Information for methodology and additional disclosures.

Historical performance: BTCaf Yield Strategy vs. Bitcoin

30 Day90 DayYTD365 DaySince Inception
BTCaf Yield Strategy+20.34%+5.96%-10.86%-27.00%+16.34%
Bitcoin+20.04%+5.34%-12.12%-28.60%+11.55%

BTCaf Yield Strategy = holding the same amount of BTC directly (price return from CoinMarketCap) plus the yield the strategy generates on top over that same window — modeling what this BTC would have earned if deposited into the strategy instead of held outright. Bitcoin = BTC spot price return over the identical window, from CoinMarketCap historical prices.

Since Inception starts Apr 1, 2024 · Source: CoinMarketCap (id=1) · Reporting period: through August 2026 · Last updated Sep 11, 2026, 12:00 PM UTC.

Disclaimer

Understand the Risk

BTCaf involves risk, including loss of principal.

BTCaf is not a bank deposit and is not insured. Bitcoin is volatile, and target yields are variable ranges shown for illustration — not guaranteed. Strategies involve significant risk, including counterparty and market risk, and you can lose BTC. Nothing here is an offer or investment advice.

FAQ

Questions, answered.

Yes. BTCaf yield accrues in BTC, so your Bitcoin balance grows over time — subject to the variable target range and the risks involved.

Through transparent strategies operated by AbraFi using your Bitcoin deposits. The approach is disclosed rather than a black box.

No. BTCaf is not insured and involves significant risk, including possible loss of principal. Target yields are not guaranteed.

BTCaf is issued by AbraFi. Abra Capital Management, LP (ACM) is an SEC-registered investment adviser that provides access to AbraFi products.

Resources

Learn more about Bitcoin yield

View all insights

Put your Bitcoin to work.

Open an account

BTCaf is issued by AbraFi. Investments in digital assets involve a high degree of risk, including loss of principal. Registration as an investment adviser does not imply endorsement by the SEC.