According to Julian Kwan, institutions at a conference outlined four current options for deploying BTC, offering a snapshot of how capital is positioned in the Bitcoin yield landscape for traders to benchmark strategies, source: Julian Kwan, X, Sep 1, 2025. Option 1: Hold BTC and earn 0% yield, which he says represents about 95% of the entire BTC market, source: Julian Kwan, X, Sep 1, 2025. Option 2: Stake into BTCFi and earn altcoin rewards, signaling a path where returns are denominated in non-BTC tokens, source: Julian Kwan, X, Sep 1, 2025. Option 3: Borrow USDT against BTC, with the post noting this path but not providing full details in the visible excerpt, source: Julian Kwan, X, Sep 1, 2025. The post references a fourth path for BTC deployment, but it is not shown in the provided excerpt, source: Julian Kwan, X, Sep 1, 2025.

According to Julian Kwan, institutional Bitcoin (BTC) holders are increasingly seeking real yields on their BTC positions. Marathon Digital Holdings (MARA) reportedly held approximately 50,000 BTC at the end of March, signaling a broader move among institutions toward active, yield-generating bitcoin strategies that align with institutional investment standards. This trend highlights growing demand for structured products and services offering BTC yield, which could support higher liquidity and volatility in the crypto markets (source: Julian Kwan).