Product updates

BGBTC is now upgraded: A one-stop BTC yield asset to unlock more value from your BTC

2026-07-30 10:001122

BGBTC has been fully upgraded and is now live. As a BTC yield-enhanced asset launched by Bitget, BGBTC provides BTC-denominated yield while maintaining BTC price exposure and liquidity. It also supports a wide range of platform use cases, including trading, Crypto Loans, margin, and PoolX, further improving the capital efficiency of your BTC.

What is BGBTC?

BGBTC is a BTC yield-enhanced asset officially launched by Bitget and pegged to BTC at a 1:1 ratio. After converting BTC to BGBTC, users can earn BTC-denominated yield while retaining BTC price exposure. BGBTC can also be used across various scenarios on the Bitget platform, including spot trading, UTA margin, Crypto Loans, Launchpool, and PoolX, enabling both yield generation and asset liquidity. Following the upgrade, BGBTC's underlying yield strategy is managed and executed by a professional team of Curators. Currently, Gauntlet serves as one of the core Curators, responsible for designing and operating on-chain strategies that deploy BTC across relevant markets to generate yield, with no manual management required from users.

Subscribe to BGBTC now

Highlights

Earn BTC-denominated yield simply by holding

After converting BTC to BGBTC, you automatically start earning BTC-denominated yield, paid in BGBTC. No extra action is required — yield accrues daily, with a reference APR of up to 2%, well above average market yields (actual rates adjust dynamically based on market conditions).
Convenient, frictionless subscription and redemption

Users receive BGBTC at a 1:1 ratio immediately after staking BTC. Standard redemption comes with no additional fees and typically takes 3–5 days (subject to the product page). Express redemption allows users who need immediate liquidity to convert BGBTC back to BTC instantly at a 1:1 ratio for a small management fee. VIP users enjoy lower fees, and a daily free express redemption quota is also available (please refer to the product page for details).
Margin that keeps generating yield

BGBTC can be used as trading margin. While engaging in futures trading, eligible margin assets continue to earn BTC yield, maximizing the value of your assets.
Supports Crypto Loans

Users can use BGBTC as collateral for loans. While unlocking liquidity, their holdings continue to earn BTC-denominated yield, further maximizing asset value.
Participate in platform ecosystem incentives

BGBTC can be used to participate in platform promotions such as PoolX. While earning project rewards, eligible BGBTC holdings continue to accumulate BTC-denominated yield, unlocking even greater earning potential.
Backed by professional institutions

  BGBTC is built on a mature on-chain infrastructure and risk management system, including:

   Bitget: Provides full on-chain transparency into fund flows.

   Gauntlet: Designs and operates on-chain strategies that deploy BTC across relevant markets to generate yield.

   Chainlink CCIP: Provides secure and reliable cross-chain interoperability.

   Morph: Provides high-performance on-chain infrastructure support.

Use cases

User type	After the upgrade (BGBTC)
Long-term BTC holders	Hold BGBTC and earn BTC-denominated yield daily
Futures trading users	Use BGBTC as margin while continuing to earn yield
Crypto Loans users	Use BGBTC as collateral to unlock liquidity while continuing to earn yield
Bitget ecosystem users	Earn both platform rewards, such as PoolX rewards, and BTC-denominated yield simultaneously (subject to promotion rules)

How to convert BTC to BGBTC?

Step 1: Go to the BGBTC page

Step 2: Stake BTC

Enter the amount of BTC you want to stake. After confirming, you'll receive the corresponding amount of BGBTC at a 1:1 ratio. Yield starts accruing on T+1, with rewards distributed on T+2.

Step 3: Use your assets flexibly

Once you hold BGBTC, you can use it across various platform scenarios in accordance with the product rules, including spot trading, UTA margin, Crypto Loans, Launchpool, and PoolX, balancing yield generation with asset liquidity.

Unlock a more efficient BTC asset management experience

BGBTC combines BTC yield, asset liquidity, and diverse platform use cases, helping users improve capital efficiency while holding BTC for a more flexible and efficient asset management experience. Convert your BTC to BGBTC today and explore more possibilities for BTC yield assets!

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