**Bitcoin-Backed Lending Gains Momentum Amid Institutional Interest**

Bitcoin-backed lending is seeing a surge as major financial institutions dive into the crypto space. Ledn, a leading Bitcoin-backed lending platform, revealed that institutional investors are increasingly focusing on this sector, beyond just Bitcoin ETFs.

- **Institutional Investments**: Billions have flowed into Bitcoin ETFs since U.S. regulators approved them in January.

- **Ledn's Performance**: Ledn processed $1.16 billion in crypto loans in the first half of 2024, with lenders earning over 10% APR.

- **Interest Rates**: Borrowers face rates from 11.4% to 13.4%, depending on the loan type.

- **Market Growth**: The Bitcoin-backed loan market, currently at $8.5 billion, is projected to hit $45 billion by 2030.

With the U.S. central bank cutting short-term interest rates, Bitcoin-backed loans, denominated in fiat but collateralized with BTC, are becoming an attractive option. Ledn competes with platforms like Arch and Salt, and will soon face traditional financial giants like Cantor Fitzgerald. The market also benefits from regulated U.S. crypto custodians, enhancing investor confidence.