Kraken Blog/
Kraken Institutional supports Lombard’s transition to institutional Bitcoin yield
Kraken Institutional is supporting Lombard's transition of LBTC's yield source from Bitcoin staking to an institutional covered-call strategy managed by Bitwise Asset Management, targeting a 2.5% net APY in Bitcoin.
medium impactbullishLBTCBTC
Why It Matters
It marks a shift for Bitcoin from a passive store of value to productive collateral for institutional investors, integrating custody, execution, and yield services.