Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans
Published . Updated .
The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.
Source: Decrypt
The price since 23 Sep 2026: Bitwise Bitcoin ETF (BITB) versus the S&P 500
Since the first closing price after “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” Bitwise Bitcoin ETF (BITB) is -3.21%. The S&P 500 fund (SPY) is -0.09% over the same days, a -3.12% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies carried with this story
- BITB Bitwise Bitcoin ETF
In “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
In “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
In “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ATHS Athene Holding
Athene Holding (ATHS) is linked, with no stored direction, medium confidence in the 23 Sep 2026 story “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans.” Reason on file: GA selected ATHS as a RELATED security because its canonical security name directly matches this event's themes: fixed, rate. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
Bitwise Bitcoin ETF (BITB) is the company in “Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans,” the 23 Sep 2026 this story story.
What ties Bitwise Bitcoin ETF (BITB) to the headline is this: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Proshares Ultra Bitcoin Etf (BITU): GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Bitwise Bitcoin ETF (BITB), and the dates in the story
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
A simple score for Bitwise Bitcoin ETF (BITB)
46 out of 100
“Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.