According to TechFlow, on November 25, Blockworks reported that Bitcoin infrastructure technology company Blockstream announced the appointment of hedge fund veteran Sean Bill as Chief Investment Officer (CIO) to lead 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, the Bitcoin Income Fund and the US Dollar Income Fund. The former provides BTC holders with money market fund functions, and the latter provides Bitcoin mortgage income opportunities.