ChainCatcher news, reported by Blockworks, Bitcoin infrastructure technology company Blockstream announced the appointment of hedge fund veteran Sean Bill as Chief Investment Officer (CIO), responsible for leading the newly established asset management department.

Bill previously served as CIO of Prime Meridian Capital Management. It is reported that Blockstream is developing two new products: a Bitcoin yield fund and a dollar yield fund, the former providing money market fund features for BTC holders, and the latter offering Bitcoin collateral loan yield opportunities.