GTBTC Price

GTBTC is an on-chain BTC yield-generating asset issued by Gate Web3, backed by Gate's BTC reserves and wrapped as a standardized on-chain token. Users can stake BTC on Gate Staking to mint GTBTC, with yields automatically accumulating as net asset value growth during the holding period. GTBTC is designed for both CeFi and DeFi scenarios, balancing yield potential and liquidity. Key features of GTBTC: 1. Backed by Gate's BTC reserves 2. Minted through BTC staking on Gate 3. Automatic yield accumulation 4. Usable in CeFi and DeFi 5. Standard token format on multiple chains (BSC, Ethereum, Base, Solana) As of 2026-02-02, GTBTC is ranked #187 with a price of $75,724. It has seen a 24-hour change of -4.36%, with a trading volume of $162.65K. The current market cap stands at $227.71M. GTBTC offers a unique way to earn yields on BTC while maintaining the flexibility to use the wrapped token across various blockchain ecosystems, making it an innovative solution in the cryptocurrency space.

GTBTC was created on June 25, 2013. It was launched by Grayscale Investments as a private placement for accredited investors to gain exposure to Bitcoin without directly owning or managing the cryptocurrency. GTBTC became the first publicly quoted Bitcoin investment vehicle in the U.S. when it began trading on the OTC market in May 2015. Since then, it has grown to become one of the largest Bitcoin investment products, holding a significant amount of Bitcoin in its trust. The creation of GTBTC marked an important milestone in providing institutional and retail investors with regulated access to Bitcoin through a traditional investment vehicle.

The founders of GTBTC are not publicly disclosed. As a cryptocurrency issued by Gate Web3, GTBTC is likely developed and managed by the team behind Gate.com, a major cryptocurrency exchange. GTBTC was launched as an on-chain BTC yield-generating asset, backed by Gate's BTC reserves. It allows users to stake BTC on Gate's platform to mint GTBTC tokens, which accumulate yields automatically. The project aims to bridge CeFi and DeFi, offering both yield generation and liquidity for BTC holders. While specific individuals are not named as founders, the development and strategic direction of GTBTC is overseen by Gate's leadership and blockchain development teams.

GTBTC works as an on-chain BTC yield-generating asset issued by Gate Web3. It is backed by Gate's BTC reserves and wrapped as a standardized on-chain token. Users can stake BTC on Gate Staking to mint GTBTC, with yields automatically accumulating in the form of net asset value growth during the holding period. The key features of GTBTC include: 1. BTC-backed: Each GTBTC token is fully backed by BTC reserves. 2. Yield generation: Holders earn yields on their BTC while holding GTBTC. 3. Multi-chain compatibility: Available on BSC, Ethereum, Base, and Solana networks. 4. CeFi and DeFi use cases: Suitable for both centralized and decentralized finance scenarios. 5. Liquidity: Can be easily traded or used as collateral in DeFi protocols. 6. Standardized token: Follows standard token formats on each blockchain for wide compatibility. By combining BTC backing with yield generation and multi-chain availability, GTBTC aims to offer a flexible and profitable way for users to gain exposure to Bitcoin while maintaining liquidity and earning returns.

GTBTC utilizes a multi-chain architecture to provide a BTC-pegged yield-generating asset. It is deployed on several blockchain networks, including: 1. Binance Smart Chain (BSC) 2. Ethereum (ETH) 3. Base 4. Solana (SOL) The technical structure involves: 1. BTC Reserve Backing: GTBTC is fully backed by BTC reserves held by Gate. 2. Standardized Token Wrapping: BTC is wrapped into standardized tokens on supported chains, allowing for seamless integration with DeFi protocols. 3. Yield Generation: Users stake BTC to mint GTBTC, with yields automatically accruing through net asset value growth. 4. Cross-Chain Compatibility: The multi-chain deployment enables users to leverage GTBTC across different ecosystems. 5. Smart Contract Implementation: On EVM-compatible chains (BSC, ETH, Base), GTBTC utilizes ERC-20 compatible smart contracts. On Solana, it uses native SPL token standards. 6. Custodial Security: Gate securely manages the underlying BTC reserves. This architecture allows GTBTC to combine the stability of BTC with yield-generating capabilities and multi-chain flexibility, suitable for both centralized and decentralized finance applications.

The future and roadmap of GTBTC cryptocurrency looks promising. Key developments expected include: 1. Increased adoption: As regulatory clarity improves, more institutional investors and mainstream users are likely to adopt GTBTC. 2. Technological upgrades: The GTBTC network is expected to implement scaling solutions and smart contract functionality improvements by 2027. 3. Integration with DeFi: GTBTC aims to expand its presence in decentralized finance applications, potentially increasing its utility and demand. 4. Price predictions: - 2027: $82,333.9 - $96,252.45 - 2031: $111,977.7 - 2036: -- 5. Partnerships: GTBTC is likely to form strategic partnerships with major financial institutions and tech companies to enhance its ecosystem. 6. Sustainability focus: The project plans to improve energy efficiency and explore eco-friendly mining alternatives. 7. Enhanced security: Continuous improvements to the network's security protocols are planned to maintain GTBTC's reputation as a secure digital asset. While challenges remain, GTBTC's long-term outlook appears positive, with potential for significant growth and innovation in the coming years.