Bitcoin-focused staking platform Solv Protocol has launched a structured yield vault called BTC+ aimed at institutional investors, seeking to utilize the over $1 trillion in Bitcoin currently idle. The vault aggregates capital across various yield strategies in DeFi, CeFi, and traditional finance markets. Key features include integration of Chainlink’s Proof-of-Reserves for on-chain verification and risk management based on net asset value (NAV). Solv's dual-layer architecture enhances security by separating custody from yield strategies. The initiative reflects a growing trend where institutional demand for Bitcoin yield has surged, especially following the SEC's approval of Bitcoin ETFs in January 2024. This approval has led to a significant price increase for Bitcoin, making it a sought-after investment and collateral for loans. Other players in the market, such as crypto exchanges and investment firms, are also responding to this demand by launching similar yield-generating products.

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