Stacks Bond 3 Sells Out With Bullish and 21shares Among Participants
Grand Cayman, Cayman Islands, Nov. 5, 2026 – Bond 3 of Bitcoin staking with Stacks has bought out, with institutional contributors together with 21shares and Bullish (NYSE: BLSH), staking BTC on the Bitcoin L1 to earn BTC with Stacks.
21shares, one of many world’s main issuers of crypto exchange-traded merchandise with over $6.5 billion in belongings below administration throughout greater than 60 ETPs globally, returns to Bitcoin staking after collaborating within the Genesis Bond in September and Bond 2 in October.
Bullish staked BTC from Bullish’s company treasury. Bullish holds 22,000 BTC and ranks among the many ten largest publicly traded holders of Bitcoin, in keeping with CoinMarketCap, making it the primary firm in that group to earn BTC with Stacks. Bullish operates the one NYSE-listed crypto alternate.
“We’re desirous about how institutional custody infrastructure can unlock new alternatives for Bitcoin holders,” mentioned a BTH spokesperson. “Our participation in Stacks lets us discover BTC-denominated rewards whereas retaining our established custody preparations in place.”
“Institutional buyers more and more need their Bitcoin to be a productive asset, not only a holding,” mentioned Alistair Byas-Perry, Head of Capital Markets & Trading, 21shares. “Returning for Bond 3 displays our confidence in Bitcoin staking with Stacks as a option to earn BTC on BTC, and seeing extra establishments be part of every bond confirms that demand is actual.”
Bullish staked from BitGo certified custody, which BitGo opened to Bitcoin staking on (*3*), so the BTC stays on the Bitcoin L1 inside the custody preparations establishments already use. Public corporations maintain greater than 1.3 million BTC, over 6% of complete provide, in keeping with CoinMarketCap, and most of it earns nothing on the stability sheet.
“Bitcoin is the world’s main digital asset, but most of it sits idle as a result of it lacks native capital markets,” mentioned Muneeb Ali, CEO, Stacks Labs, and founding father of Stacks. “When an ETP issuer like 21shares and one of many largest public holders of Bitcoin stake in the identical bond, Bitcoin capital markets are taking form. Bond 3 promoting out reveals that institutional demand to earn BTC is already right here.”
In every bond, contributors timelock BTC on the Bitcoin L1 and pair it with STX, the native asset of Stacks, locked on Stacks for a six-month time period at a present parameter of 5% of the BTC worth. Bond 3 carries a 3% goal annual yield, set earlier than the bond opened and fastened for its time period, and contributors earn BTC, paid by Stacks miners and distributed weekly onchain. There isn’t any slashing; staked BTC is returned in full on the finish of the time period or on early exit.
Bond 4 opens Dec. 3, and establishments can register at stacks.co/institutional-bitcoin-staking. Individual holders can be part of by pooled Bitcoin staking at stacks.co/bitcoin-staking.
For extra data, evaluation the Stacks blog post.
About 21shares
21shares is among the world’s main issuers of cryptocurrency exchange-traded merchandise, offering buyers with revolutionary, easy and cost-efficient entry to digital belongings by conventional monetary markets. Learn extra here.
About Bullish
Bullish collaborates with visionary groups to assist initiatives that join standard finance with the probabilities of the digital economic system. Learn extra here.
About Stacks
Stacks is a Bitcoin layer the place BTC holders earn BTC. With Bitcoin staking, holders stake BTC with STX, and their BTC stays on the Bitcoin L1 below their very own custody. Stacks has distributed over 4,200 BTC in rewards to contributors since 2021. Learn extra here.
Media contact: Shannon Voight, PR & Events, Stacks Labs, press@stackslabs.com
Institutional onboarding particulars can be found on the Stacks institutional Bitcoin staking page.
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