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About Gate Wrapped BTC
Analysis of 16 Feb 2026Gate Wrapped BTC (GTBTC) is an on-chain BTC yield-generating asset issued by Gate Web3, backed by Gate.io BTC reserves with 140.69% collateralization as of January 2026. Trading at $95,012 on February 16, 2026, with a market cap of $285.19 million and 3,000 tokens in circulation, GTBTC offers 3% APY through BTC staking with daily payouts and flexible unstaking (0.001 BTC minimum).
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Gate.io maintains proof-of-reserves showing 24,817 BTC in custody against 17,640 BTC user balances, verified through zero-knowledge proofs and Merkle-tree technology. The token has gained 5.70% over the past month but underperformed the broader crypto market's 9.50% gains.
Despite strong reserve ratios and growing institutional trust, GTBTC faces intensifying competition from decentralized alternatives like Coinbase cbBTC and threshold-based tBTC.
