Stacks Bond 3 Sells Out With Bullish and 21shares Among Participants
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21shares, a crypto exchange-traded product issuer with over $6.5 billion in assets, joined the round alongside the NYSE-listed Bullish. The sellout signals continued institutional appetite for native-Bitcoin yield products built on Stacks’ L1 staking mechanism. Details on the bond’s total size, yield terms and lock-up period were not disclosed in the announcement. Watch for further disclosures on bond capacity and yields, and whether additional institutional issuers join future Stacks bond rounds.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
Named in this story
Stacks (STX), Bullish, 21shares, Bitcoin (BTC)
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