Cryptocurrency

Bitcoin

April

Zero

Depository Trust and Clearing Corporation (DTCC), a major financial services giant, has made an important decision regarding exchange-traded funds (ETFs) with exposure to Bitcoin and other cryptocurrencies. Effective April 30, 2024, DTCC will no longer allocate any collateral to ETFs containing Bitcoin or other cryptocurrencies as underlying assets.
This means that these securities will face a 100% cut-off rate and as a result, no collateral value will be assigned.
Related News: <a href="https://en.bitcoinsistemi.com/interest-in-ethereum-is-waning-analyst-says-revealing-the-altcoin-thats-gaining-interest-instead-of-eth/" target="_blank" rel="noopener noreferrer nofollow">"Interest in Ethereum is waning," Analyst Says, Revealing the Altcoin That's Gaining Interest Instead of ETH</a>
This concept, called haircut, deduction (rate), margin rate, shave or risk margin in financial markets, is defined as the risk premium paid to prevent the lender from being victimized in case the collateral loses value.
This decision was welcomed by Caitlin Long, CEO and founder of Custodia Bank. “I'm okay with this because it reduces the leverage-based financialization games that Wall Street can play. These forces would blame Bitcoin for the inevitable problems even though it has nothing to do with Bitcoin itself. This is a healthy decision,” Long said. said.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-agency-dtcc-makes-new-decision-on-bitcoin-and-cryptocurrency-etfs-lowered-the-critical-value-to-zero/" rel="noopener noreferrer nofollow">US Agency DTCC Makes New Decision on Bitcoin and Cryptocurrency ETFs: Lowered the Critical Value to Zero</a>

US Agency DTCC Makes New Decision on Bitcoin and Cryptocurrency ETFs: Lowered the Critical Value to Zero

Bitcoin Sistemi EN

Other articles published on Apr 27, 2024

Shiba Inu and Dogecoin Price Prediction for 2024: Will They Finally Reach $1, or Will New Altcoin...

Nvidia Shares Recorded 15% Spike; What To Expect From AI Tokens?

Why is the Dogecoin price down today?

Exploring the Current State of Bitcoin’s Market Dynamics

Is Bitcoin ready for a run to $77K? AI says yes!

Crow With Knife Price Prediction: CAW Crypto Skyrockets 279% As This Dogecoin Derivative Rockets ...

Join our free newsletter for daily crypto updates!