DDEI candidate

Wrapped Bitcoin · WBTC

Research candidate. Not an investment recommendation. Live price is not qualification.

RESEARCH · SIMULATION · NOT INVESTMENT PERFORMANCE · NOT INVESTABLE · £0 REAL CAPITAL · PAPER

Live price

$78,989.00

FRESH · coingecko

24h / 7d

0.24% / 0.30%

Market cap / volume

$9.17B / $148.7M

Qualification

EXCLUDED

What it does

Custodial wrapped BTC. Special class: duplicate economic exposure to BTC.

Category: FINANCIAL INFRASTRUCTURE · Special class: WRAPPED

WHY IT'S OUT (SPECIAL CLASS)

Wrapped Bitcoin is a wrapped/bridged representation. DDEI research avoids double-counting the underlying.

Special class WRAPPED: avoid double-counting underlying exposure.

Research weight

SQRT+10% cap: UNAVAILABLE · Capped headline: UNAVAILABLE

STRUCTURAL LAB PROXY — uses vendor headline market capitalisation, not vendor free-float. Not a DDEI weight. Live DDEI is not published.

Qualification dimensions

Dimension	Verdict	Note
VENUE DEPENDENCY	INSUFFICIENT EVIDENCE	Venue-dependency evidence not established.
FREE FLOAT ECONOMIC SIZE	INSUFFICIENT EVIDENCE	Headline vendor market cap is observed. Authoritative free-float economic size is not stored. Headline cap is not free-float.
LIQUIDITY	REVIEW	24h reported volume is observed. Volume is not market depth. Not a liquidity pass.
MARKET DEPTH	INSUFFICIENT EVIDENCE	Order-book depth is not ingested.
MULTI VENUE PRICING	INSUFFICIENT EVIDENCE	Multi-venue pricing not established for this asset.
PRICE CONFIDENCE	REVIEW	Price observed from coingecko (FRESH). Single-vendor last price is not a qualification pass.
CUSTODY FEASIBILITY	INSUFFICIENT EVIDENCE	No institutional custody feasibility evidence is stored.
NETWORK OPERATION	INSUFFICIENT EVIDENCE	No independent network-operation monitor is attached to this run.
SEASONING	REVIEW	Research registry first-public date is 2769 days before this run. 90-day seasoning is a research candidate, not a freeze. Date is not independently verified.
MANIPULATION RISK	INSUFFICIENT EVIDENCE	No manipulation-risk model output is stored.
INSIDER CONCENTRATION	INSUFFICIENT EVIDENCE	No verified free-float / insider-supply evidence is stored.
ECONOMIC FUNCTION	FAIL	Special class WRAPPED: not treated as a growth-index economic-participation asset by default.
DEPENDENCY RISK	INSUFFICIENT EVIDENCE	No verified dependency graph.
BRIDGE DEPENDENCY	FAIL	Wrapped/bridged representation: duplicate exposure to an underlying asset.
STABLECOIN DEPENDENCY	INSUFFICIENT EVIDENCE	Stablecoin-dependency evidence not established.
ORACLE DEPENDENCY	INSUFFICIENT EVIDENCE	Oracle-dependency evidence not established.
SECURITY INCIDENT STATE	INSUFFICIENT EVIDENCE	No current security-incident evidence attached to this run.
STRUCTURAL VIABILITY	FAIL	Special class WRAPPED is structurally treated as out of the growth index until a separate defensive/liquidity methodology exists.
EVIDENCE COVERAGE	INSUFFICIENT EVIDENCE	Mandatory coverage (free-float, depth, custody, network) is incomplete.
DATA CONFIDENCE	REVIEW	Market feed FRESH.

Dependencies (research assumptions)

No verified dependency graph. INSUFFICIENT EVIDENCE.

Known material risks / watch items

Wrapped/bridged representation — duplicate economic exposure risk.
Mandatory free-float, depth, custody and network evidence are not stored for this run.
Live price and headline market cap are not qualification.

Seasoning status

90-day seasoning is a research candidate, not a freeze. First-public dates in the research registry are not independently verified primary evidence.

Status history

2026-08-31 — → INSUFFICIENT EVIDENCE — DISCOVERED — added to research candidate universe. Not qualified.
2026-08-31 INSUFFICIENT_EVIDENCE → EXCLUDED — Special class WRAPPED: avoid double-counting underlying exposure.

Community interest

A review request is not admission.

Community interest: 0 review requests

Source: coingecko · observed 2026-08-31T19:36:20.000Z · ingested 2026-08-31T19:38:21.701Z

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