Sinabi ng DTCC na Magkakaroon ng Zero Collateral Value ang mga ETF na May Exposure sa Bitcoin para sa Mga Pautang
Bitcoin Sinabi ng DTCC na Magkakaroon ng Zero Collateral Value ang mga ETF na May Exposure sa Bitcoin para sa Mga Pautang The financial services behemoth DTCC has unequivocally stated its stance: it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies, nor will it extend any 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 renewal. These modifications could impact position values within the Collateral Monitor. DTCC announced that effective immediately, no collateral value will be assigned to Exchange-Traded Funds (ETFs) or similar investment instruments featuring Bitcoin or other cryptocurrencies as underlying assets. Consequently, these securities will face a 100% haircut. However, popular cryptocurrency enthusiast K.O. Kryptowaluty explained that this would be applicable only to the inter-entity settlement in the Line of Credit (LOC) system. A Line of Credit serves as a financial tool enabling market participants to access borrowed funds for short-term transaction financing or to address liquidity requirements. The utilization of cryptocurrency Exchange-Traded Funds (ETFs) for lending purposes and as collateral in brokerage activities remains unaffected, remaining subject to