kBTC is a fully backed, cross-network-compatible ERC-20 token. Each kBTC token is fully backed 1:1 by an equivalent amount of Bitcoin and held securely in Kraken’s custody. Clients can verify this for themselves at any time by inspecting our reserves onchain.
Kraken Wrapped BTC Price Analysis
As of November 23 2025 Kraken Wrapped BTC has a marketcap of $157M.
This is {{percentagefromath}} from its all time high of $126.108K.
In terms of its tokenomics, there's a total supply of 1.9K with 100% currently outstanding.
Keep in mind Kraken Wrapped BTC has a fully diluted value of $157M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
![pTokens BTC [OLD]](https://coin-images.coingecko.com/coins/images/10805/thumb/J51iIea.png?1696510764){kind=small}