Convert Backed HIGH € High Yield Corp Bond BHIGH to Function FBTC
BHIGH to FBTC: 1 Backed HIGH € High Yield Corp Bond converts to 0.0001106 FBTC
About BHIGH and FBTC
Backed HIGH € High Yield Corp Bond is falling, while Function is climbing this week. The current BHIGH to FBTC conversion rate is 0.0001106. Inversely, this means that if you convert 1 FBTC you will get 9,044.19 BHIGH. The conversion rate of BHIGH/FBTC has decreased by 0.41% in the last hour (FBTC/BHIGH increased by 0.41%). In the last 24 hours, BHIGH/FBTC shrunk by 2.4%, while FBTC/BHIGH grew by the same amount.
The exchange rate of Backed HIGH € High Yield Corp Bond is decreasing. The current value of 1 BHIGH is 0.0001106 FBTC. In other words, to buy 5 Backed HIGH € High Yield Corp Bond, it would cost you 0.0005528 FBTC. Inversely, 1 FBTC would allow you to trade for 9,044.19 BHIGH while 50 FBTC would convert to 452,209.56 BHIGH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.04%. Meanwhile, in the last 24 hours, the rate has changed by 2.46%, and that the highest exchange rate of 1 BHIGH to FBTC was 0.0001141 FBTC and the lowest 24 hour value was 1 BHIGH for 0.0001101 FBTC. Last month, 1 BHIGH was worth 0.00009133 FBTC. Today, it's up 17.4%. Looking back a year, Backed HIGH € High Yield Corp Bond has changed by 0.00006531 FBTC. That means that in a single year, the value of Backed HIGH € High Yield Corp Bond has grown by 40.94%.
Backed HIGH € High Yield Corp Bond Market Stats
What is the project about? Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bHIGH tracks the iShares € High Yield Corp Bond UCITS ETF, representing an index of Euro-denominated high yield corporate bonds. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains. What’s next for your project? Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few. Disclaimer: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and review of legal documentation, please visit (edited)
Function Market Stats
Function is building the financial infrastructure that makes Bitcoin productive, unlocking yield, liquidity, and capital efficiency for holders across DeFi and traditional finance. FBTC turns Bitcoin into an asset that works. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. FBTC is fully backed on a 1:1 basis with BTC, Bitcoin Reserve Address List is public and can be verified at any time. FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts, creating a secure and efficient bridge between the Bitcoin network and modern DeFi protocols. FBTC turns idle BTC into a functional and productive asset. The primary purpose of FBTC is to bring native Bitcoin liquidity into DeFi. Enabling Bitcoin holders to access a wide range of yield generating strategies, without having to sell their BTC. This not only enhances the utility of BTC but also allows holders to earn returns on their assets, making FBTC a powerful tool for maximizing the potential of Bitcoin in the DeFi ecosystem
Conversion tables
BHIGH to FBTC values from Today at 12:52 pm
0.5 BHIGH = 0.00005528 FBTC |
1 BHIGH = 0.0001106 FBTC |
5 BHIGH = 0.0005528 FBTC |
10 BHIGH = 0.001106 FBTC |
50 BHIGH = 0.005528 FBTC |
100 BHIGH = 0.01106 FBTC |
500 BHIGH = 0.05528 FBTC |
1,000 BHIGH = 0.1106 FBTC |
FBTC to BHIGH values from Today at 12:50 pm
0.5 FBTC = 4,522.10 BHIGH |
1 FBTC = 9,044.19 BHIGH |
5 FBTC = 45,220.96 BHIGH |
10 FBTC = 90,441.91 BHIGH |
50 FBTC = 452,209.56 BHIGH |
100 FBTC = 904,419.11 BHIGH |
500 FBTC = 4,522,095.56 BHIGH |
1,000 FBTC = 9,044,191.11 BHIGH |
BHIGH to FBTC over time
BHIGH | Today | 24H -2.46% | 1M 17.40% | 1Y 40.94% |
|---|---|---|---|---|
0.5 BHIGH | 0.00005528 FBTC | 0.00005664 FBTC | 0.00004567 FBTC | 0.00003265 FBTC |
1 BHIGH | 0.0001106 FBTC | 0.0001133 FBTC | 0.00009133 FBTC | 0.00006531 FBTC |
5 BHIGH | 0.0005528 FBTC | 0.0005664 FBTC | 0.0004567 FBTC | 0.0003265 FBTC |
10 BHIGH | 0.001106 FBTC | 0.001133 FBTC | 0.0009133 FBTC | 0.0006531 FBTC |
50 BHIGH | 0.005528 FBTC | 0.005664 FBTC | 0.004567 FBTC | 0.003265 FBTC |
100 BHIGH | 0.01106 FBTC | 0.01133 FBTC | 0.009133 FBTC | 0.006531 FBTC |
500 BHIGH | 0.05528 FBTC | 0.05664 FBTC | 0.04567 FBTC | 0.03265 FBTC |
1,000 BHIGH | 0.1106 FBTC | 0.1133 FBTC | 0.09133 FBTC | 0.06531 FBTC |
Frequently asked questions
Right now, 1 Backed HIGH € High Yield Corp Bond is worth about $7.33.
Based on the current rate, you could get 0.1364 BHIGH for 1 USD.
Backed HIGH € High Yield Corp Bond price has been on the rise. Since yesterday, the exchange rate of Backed HIGH € High Yield Corp Bond has increased. Since last month, the exchange rate of Backed HIGH € High Yield Corp Bond has increased. Since this time last year, the price of Backed HIGH € High Yield Corp Bond has increased.
You can use our BHIGH to USD calculator at the top of this page to convert any amount of BHIGH to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.6822 BHIGH. Inversely, 5 BHIGH will cost about $36.64
Backed HIGH € High Yield Corp Bond can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Backed HIGH € High Yield Corp Bond.
There are a number of crypto assets that have the a similar or comparable market cap to Backed HIGH € High Yield Corp Bond, including TE-FOOD, Bismuth, and Aave. For a more robust list of assets to explore, jump to the asset page dedicated to Backed HIGH € High Yield Corp Bond.
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