Wrapped Bitcoin is an ERC-20 token representing Bitcoin in a 1:1 ratio, designed to bring BTC liquidity into Ethereum and other smart-contract ecosystems. As of August 2026, WBTC trades at $63,002.15 with a $7.32 billion market capitalization and ranks #14 globally. The asset has survived multiple market cycles since its 2019 launch and maintains the largest market share among wrapped Bitcoin products at approximately 81% of the tokenized-Bitcoin market.