Function FBTC (FBTC) market snapshot:
Price $81,273.00, market capitalization $674.76M,
and reported 24-hour volume $42.43K.
Inclusive source market cap rank #132 · market dominance 0.03%.
Trading activity:
Reported 24-hour volume equals 0.01% of market capitalization. The local markets snapshot lists Agni Finance, Uniswap V3 (Ethereum) and Orca among venues with observed trading activity.
YearBull indicators:
YearBull Rank #8,920. Bull Score 52/100.
YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment.
Cycle Mid. Observed price change: 24h -0.68% · 7d 5.16% · 30d 8.39%.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-09-20.Data history: 8 daily observations available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Function FBTC (FBTC)?
Source description
“Function is building the financial infrastructure that makes Bitcoin productive, unlocking yield, liquidity, and capital efficiency for holders across DeFi and traditional finance. FBTC turns Bitcoin into an asset that works. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. FBTC is fully backed on a 1:1 basis with BTC, Bitcoin Reserve Address List is public and can be verified at any time. FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts, creating a secure and efficient bridge between the Bitcoin network and modern DeFi protocols. FBTC turns idle BTC into a functional and productive asset. The primary purpose of FBTC is to bring native Bitcoin liquidity into DeFi. Enabling Bitcoin holders to access a wide range of yield generating strategies, without having to sell their BTC. This not only enhances the utility of BTC but also allows holders to earn returns on their assets, making FBTC a powerful tool for maximizing the potential of Bitcoin in the DeFi ecosystem”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Function FBTC (FBTC) FAQ
How does FBTC aim to bring Bitcoin liquidity into DeFi without requiring holders to sell their BTC?
The project positions FBTC as a tokenized representation of Bitcoin intended to let holders use BTC exposure across decentralized finance while retaining their underlying Bitcoin position through the token structure. It says FBTC can connect Bitcoin liquidity with yield-generating strategies, allowing holders to pursue DeFi participation without directly selling their BTC. The specific strategies, eligibility requirements, and associated risks are not detailed here.
What does the project claim about FBTC’s Bitcoin backing and reserve transparency?
The project states that FBTC is backed on a 1:1 basis with BTC and that its Bitcoin Reserve Address List is public and independently verifiable at any time. This is presented as the basis for combining Bitcoin-backed value with smart-contract functionality. The materials do not specify the custody arrangements, verification methodology, redemption process, or how reserve discrepancies would be handled.
Why does FBTC describe itself as an omnichain Bitcoin yield asset?
FBTC is presented as an omnichain asset intended to make Bitcoin liquidity usable across multiple blockchain ecosystems. The project associates it with Ethereum, Plume Network, Base, Sonic, Mantle, BNB Chain, BOB Network, and Arbitrum One. Its stated purpose is to expand access to DeFi applications and yield strategies beyond the Bitcoin network, although supported protocols, bridging mechanics, and cross-chain safeguards are not specified.
How does FBTC combine Bitcoin reserves with smart-contract functionality?
The project says FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts. In practical terms, this positioning suggests that BTC-backed tokens can interact with decentralized applications while remaining linked to Bitcoin reserves. The stated focus is improved liquidity and capital efficiency for BTC holders, but the materials do not explain the underlying contract architecture, permissions, upgrade controls, or technical security reviews.
What role does FBTC claim to play in structured and programmatic yield strategies?
FBTC is described by the project as a vehicle through which BTC holders may access structured, risk-managed, and programmatic yield strategies. These strategies are framed as a way to make otherwise idle Bitcoin more productive within DeFi and related financial applications. The project does not specify the strategy providers, expected returns, risk controls, fee structure, or conditions under which yield may be earned.
Function FBTC metric comparison
40 daily observations are available from 2025-12-19 through 2026-09-16. Percentiles compare the latest value with the same-day analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Current
30d ago
90d ago
Change vs 30d
Universe percentile
Price
$75,721
$74,983
$74,983
+1.0%
n/a
Market cap
$639.66M
$822.72M
$822.72M
-22.3%
P99.0
YearBull Rank
#8,550
#2,384
#2,384
Lower by 6,166
P7.6
Bull Score
51/100
47/100
47/100
+4.0 pts
P64.0
Turnover
0.01%
0.09%
0.09%
-0.1 pts
P13.1
YB Risk
Low
Low
Low
Unchanged
n/a
Cycle
Mid
Early
Early
Early → Mid
n/a
Median absolute daily movement 1.53%; distance from the highest local daily price -22.1%; circulating supply change -23.7%. These measurements are descriptive and do not predict future direction.
YearBull Rank context
Newest YearBull Rank value for ignition-fbtc: #8920.
Rank timeline (last 365 days)
Rank change (daily snapshots).
Reading rule: smaller rank numbers are better.
7d window (2026-09-13): #8871 → #8920 (down by 49).
30d window: no reference point available.
YearBull Rank is a relative placement score used on YearBull to compare a coin against peers within the same dataset. It is best read as relative context across time windows, not as a guarantee.
Rotation context: Compare the 30d move with the 7d move to see if momentum is accelerating or fading.
Risk view: Read it as "how stable is the position" rather than "how exciting is today".
Route context: If the line range narrows, access may be stabilizing.
Liquidity view: If the curve is jagged, widen the window before concluding.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Venue refresh pending. Markets last checked: 2026-09-13. The next refresh is queued in the hourly updater. Venue listings and volumes are stored snapshots, not live quotes.
Listings are ordered by reported snapshot volume. Source Trust Rank is an external venue-quality signal; it is not an endorsement or a solvency guarantee.
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