$ETH The current cryptocurrency market is still consolidating after a pullback, with BTC around the $60,000 range, ETH approximately between $1,700 and $1,800. BTC has fallen about 30% this year, and ETF funds are net outflows. Gate has launched GTBTC, which keeps BTC in the portfolio as a yield certificate, with an annualized yield cap of about 2.67%, a minimum threshold of 0.001 BTC, redeemable at real-time exchange rates, and claims to be 100% backed. This product aims to improve the efficiency of long-term asset holding, allowing BTC to generate returns without leaving the market, aligning with the BTCFi trend.

ETH3.34%
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