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Published 11 days ago

Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs

Summary by MarketWatch
The price of bitcoin fell to a low of $62,801 early Saturday from $63,476 late Friday after the financial services giant, the Depository Trust and Clearing Corporation (DTCC) announced it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to bitcoin or cryptocurrencies and will not extend loans against them effective April 30, 2024.

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MarketWatchMarketWatch

Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs

The price of bitcoin fell to a low of $62,801 early Saturday from $63,476 late Friday after the financial services giant, the Depository Trust and Clearing Corporation (DTCC) announced it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to bitcoin or cryptocurrencies and will not extend loans against them effective April 30, 2024.

11 days ago·United States
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CoingapeCoingape

DTCC Says ETFs With Bitcoin Exposure Will Have Zero Collateral Value for Loans

Financial services giant DTCC has made it absolutely clear that it will assign zero collateral to exchange-traded-funds (ETFs) having exposure to either Bitcoin or cryptocurrencies and will provide no loans against them. DTCC Giving A Big Blow to Bitcoin ETFs? Starting April 30, 2024, the Depository Trust & Clearing Corporation (DTCC) will enact amendments to collateral values for select securities as part of its annual line-of-credit facility r…

11 days ago
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CryptopolitanCryptopolitan

Bad news!!! DTCC cuts Bitcoin ETF collateral by 100%

The Depository Trust & Clearing Corporation (DTCC), which handles the settlement of most securities transactions in the United States, has announced changes to collateral valuation that will be implemented starting April 30, 2024. DTCC has made it clear that it will not provide collateral or extend loans for exchange-traded funds (ETFs) that involve Bitcoin or other cryptocurrencies. DTCC will not allocate any collateral for BTC ETFs The introdu…

11 days ago
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