DTCC News Sparks Speculation on Bitcoin ETF Inflow Reversal

Institutional Crypto Research Written by Experts

👇1-11) The Deposit Trust Company (DTCC) has just announced that come April 30, 'no collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment, hence will be subject to a 100% haircut.'

👇2-11) As we have pointed out, Bitcoin is making lower highs—a new downtrend seems to be in place (see chart below). This is where the DTCC statement could be impactful. We wrote about the Self-Reinforcing Bitcoin Mechanism At Play Framework on April 4, and there is a risk that inflows could, to some extent, reverse.

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2024年4月27日星期六