Convert Backed IBTA $ Treasury Bond 1-3yr BIBTA to Wrapped Bitcoin WBTC
BIBTA to WBTC: 1 Backed IBTA $ Treasury Bond 1-3yr converts to 0.00009318 WBTC
About BIBTA and WBTC
Backed IBTA $ Treasury Bond 1-3yr is climbing, while Wrapped Bitcoin is falling this week. The current BIBTA to WBTC conversion rate is 0.00009318. Inversely, this means that if you convert 1 WBTC you will get 10,731.43 BIBTA. The conversion rate of BIBTA/WBTC has increased by 0.55% in the last hour (WBTC/BIBTA decreased by 0.55%). In the last 24 hours, BIBTA/WBTC grew by 1.24%, while WBTC/BIBTA shrunk by the same amount.
The exchange rate of Backed IBTA $ Treasury Bond 1-3yr is increasing. The current value of 1 BIBTA is 0.00009318 WBTC. In other words, to buy 5 Backed IBTA $ Treasury Bond 1-3yr, it would cost you 0.00046592 WBTC. Inversely, 1 WBTC would allow you to trade for 10,731.43 BIBTA while 50 WBTC would convert to 536,571.29 BIBTA, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.65%. Meanwhile, in the last 24 hours, the rate has changed by 1.01%, and that the highest exchange rate of 1 BIBTA to WBTC was 0.00009345 WBTC and the lowest 24 hour value was 1 BIBTA for 0.00009193 WBTC. Last month, 1 BIBTA was worth 0.00009343 WBTC. Today, it's down 0.26%. Looking back a year, Backed IBTA $ Treasury Bond 1-3yr has changed by 0.00004924 WBTC. That means that in a single year, the value of Backed IBTA $ Treasury Bond 1-3yr has grown by 47.16%.
Backed IBTA $ Treasury Bond 1-3yr 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 bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds by the US Treasury with 1-3yr maturities. 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)
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Conversion tables
BIBTA to WBTC values from Today at 7:36 am
0.5 BIBTA = 0.00004659 WBTC |
1 BIBTA = 0.00009318 WBTC |
5 BIBTA = 0.0004659 WBTC |
10 BIBTA = 0.0009318 WBTC |
50 BIBTA = 0.004659 WBTC |
100 BIBTA = 0.009318 WBTC |
500 BIBTA = 0.04659 WBTC |
1,000 BIBTA = 0.09318 WBTC |
WBTC to BIBTA values from Today at 7:34 am
0.5 WBTC = 5,365.71 BIBTA |
1 WBTC = 10,731.43 BIBTA |
5 WBTC = 53,657.13 BIBTA |
10 WBTC = 107,314.26 BIBTA |
50 WBTC = 536,571.29 BIBTA |
100 WBTC = 1,073,142.57 BIBTA |
500 WBTC = 5,365,712.87 BIBTA |
1,000 WBTC = 10,731,425.74 BIBTA |
BIBTA to WBTC over time
BIBTA | Today | 24H 1.01% | 1M -0.26% | 1Y 47.16% |
|---|---|---|---|---|
0.5 BIBTA | 0.00004659 WBTC | 0.00004612 WBTC | 0.00004671 WBTC | 0.00002462 WBTC |
1 BIBTA | 0.00009318 WBTC | 0.00009224 WBTC | 0.00009343 WBTC | 0.00004924 WBTC |
5 BIBTA | 0.0004659 WBTC | 0.0004612 WBTC | 0.0004671 WBTC | 0.0002462 WBTC |
10 BIBTA | 0.0009318 WBTC | 0.0009224 WBTC | 0.0009343 WBTC | 0.0004924 WBTC |
50 BIBTA | 0.004659 WBTC | 0.004612 WBTC | 0.004671 WBTC | 0.002462 WBTC |
100 BIBTA | 0.009318 WBTC | 0.009224 WBTC | 0.009343 WBTC | 0.004924 WBTC |
500 BIBTA | 0.04659 WBTC | 0.04612 WBTC | 0.04671 WBTC | 0.02462 WBTC |
1,000 BIBTA | 0.09318 WBTC | 0.09224 WBTC | 0.09343 WBTC | 0.04924 WBTC |
Frequently asked questions
Right now, 1 Backed IBTA $ Treasury Bond 1-3yr is worth about $5.96.
Based on the current rate, you could get 0.1678 BIBTA for 1 USD.
You can use our BIBTA to USD calculator at the top of this page to convert any amount of BIBTA to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.8389 BIBTA. Inversely, 5 BIBTA will cost about $29.80
Backed IBTA $ Treasury Bond 1-3yr can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Backed IBTA $ Treasury Bond 1-3yr.
There are a number of crypto assets that have the a similar or comparable market cap to Backed IBTA $ Treasury Bond 1-3yr, including Anyswap, Unitrade, and Archethic. For a more robust list of assets to explore, jump to the asset page dedicated to Backed IBTA $ Treasury Bond 1-3yr.
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