Digital Asset Transfer Agency to Implement Zero Collateral Valuation for ETFs Backed by Bitcoin for Loans, According to Official Statement

Quick Summary:

Financial services giant DTCC has made it absolutely clear that it will assign zero collateral to exchange-traded-funds (ETFs) having exposure to either Bitcoin or cryptocurrencies and will provide no loans against them.

DTCC Giving A Big Blow to Bitcoin ETFs?

Bitcoin ETFs have collectively garnered more than $12.5 billion in assets under management (AUM).

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaUnited States

Topics: Bitcoin ETF outflows Bitcoin News DTCC Crypto ETFs Bitcoin ETF 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-27 @ 12:37:33 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20799535

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 60 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 17 minutes ago

Coverage Areas: India

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Publisher ID: #59

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