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

📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!

🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!

💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.

💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.

📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!

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