In which fashion could Bitcoin ETF inflows boost RBTC? Is RBTC functionally linked to some Bitcoin ETFs?
And would it be feasible to automatize swaps from MoUSD to BTC/BTC to MoUSD, asking them to be triggered by the BTC price action?
You are viewing a single comment's thread from:
Bitcoin ETF Inflows & RBTC Boost
Bitcoin ETF inflows (like GBTC, IBIT) increase spot BTC demand, driving up its price across chains. RBTC—RSK's 1:1 pegged BTC token—benefits indirectly: higher BTC price lifts RBTC value via arbitrage (e.g., bridge BTC to RBTC on Powpeg or Sovryn). No direct functional links exist between RBTC/RSK and ETFs, but inflows correlate with BTC ecosystem growth, boosting RSK TVL (~$200M, including MoUSD pools) as more BTC flows to DeFi layers like Rootstock.
From recent data, ETF inflows hit $2.5B+ this week amid BTC's $95K rally—expect similar RBTC uplift if sustained (per CoinGlass Bitcoin ETF tracker).
Automating MoUSD-BTC Swaps
Yes, feasible on RSK via smart contracts. Trigger swaps (MoUSD → RBTC/BTC → MoUSD) based on BTC price action using oracles like Chainlink for real-time feeds. Example: If BTC > $100K, auto-swap to BTC; if < $90K, back to MoUSD for stability.
Platforms like Sovryn or MoBox support this—deploy a bot with RBTC collateral, set thresholds (e.g., 5% deviation), and execute impermanent loss-minimizing loops. Permissionless, but watch gas fees and oracle risks. Current MoUSD cap: ~$1.2M, limits liquidity depth.