Bitcoin-focused lending platform Ledn is adding support for Tether Gold (XAUt), giving clients a way to pledge tokenized gold as collateral instead of selling their holdings for cash. The move extends Ledn’s collateral-based borrowing model to an asset that more closely tracks the real-world bullion market. According to Ledn’s announcement on Thursday, clients can use XAUt to secure loans under the firm’s existing structure, where posted collateral is held one-to-one and is not rehypothecated, lent out, or used to generate yield. That design contrasts with lending arrangements where collateral may be reused elsewhere. Key takeaways Ledn is enabling XAUt (tokenized gold) as collateral for loans, expanding beyond its current approach that centers on Bitcoin collateral. Collateral is held one-to-one and is not rehypothecated or deployed for yield within Ledn’s model. Loans are issued and repaid using Tether stablecoins—USDT or USAt—and borrowers can repay at any time. The service ...
Key Insights BlackRock’s BITA brings covered-call income strategies to Bitcoin markets. BITA targets monthly payouts while preserving much of Bitcoin’s upside. Bitcoin ETFs are evolving beyond access toward specialized portfolio tools. BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA), adding a new layer to the growing Bitcoin ETF market. Bitcoin traded near $66,100 during the fund’s launch period, while BITA debuted on Nasdaq with a net asset value above $53. The new product combines Bitcoin exposure with monthly income generation through an options strategy. The launch marks another step in the expansion of institutional Bitcoin products. Unlike traditional spot Bitcoin ETFs, BITA focuses on generating income alongside market exposure. As a result, the fund targets investors seeking regular distributions instead of pure price appreciation. BlackRock structured the ETF around direct Bitcoin exposure and holdings in IBIT. The firm then writes covered call options aga...