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Bitget upgrades BGBTC to pay daily Bitcoin rewards while keeping 1:1 backing

Covered by 2 sources · 2 articles

2 outlets - including Crypto and Cryptonomist - are covering this story. Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet. Bitget adds daily Bitcoin rewards to BGBTC Bitget said the upgrade…

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Bitget adds daily Bitcoin rewards to BGBTC
Crypto.news Aug 1, 11:11 UTC

Bitget adds daily Bitcoin rewards to BGBTC

Bitget has upgraded its Bitcoin-backed BGBTC asset with daily BTC-denominated rewards, cross-chain transfers through Chainlink CCIP, and independent oversight from Gauntlet. Bitget adds daily Bitcoin rewards to BGBTC Bitget said the upgrade…

Bitget upgrades BGBTC to pay daily Bitcoin rewards while keeping 1:1 backing
Cryptonomist Jul 31, 13:17 UTC

Bitget upgrades BGBTC to pay daily Bitcoin rewards while keeping 1:1 backing

For most of Bitcoin’s existence, holders faced a stubborn tradeoff: keep BTC secure and idle, or deploy it into yield strategies that stripped away liquidity and added complexity. Bitget’s BGBTC upgrade, announced on July 31, 2026, challeng…