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Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin's Circulating Supply

The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.

Updated Sep 14, 2021, 1:11 p.m. Published Jun 15, 2021, 4:45 p.m.
Bitcoin traders are tokenizing the cryptocurrency to run on the Ethereum blockchain for extra yield.
Bitcoin traders are tokenizing the cryptocurrency to run on the Ethereum blockchain for extra yield.