According to an analysis by cryptocurrency research firm 10x Research, the Depository Trust Clearing Corporation (DTCC) announced that as of April 30, it will no longer provide any collateral value for any ETF or other investment vehicle that contains bitcoin or other cryptocurrencies as the underlying investment object, and the related assets will be considered 100% write-down, which means that market makers need to provide more margin.
10X Research pointed out that the bitcoin price is making lower highs, and a new downward trend appears to be taking shape. In this context, the DTCC's announcement could have a significant impact.
10X Research: BTC's New Downtrend Seems to Be Forming
2024-04-27 10:01:46
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