Custodia Bank CEO Praises DTCC Decision on Zero Collateral Value of Bitcoin ETF

Quick Summary:

Custodia Bank CEO Caitlin Long has lauded the recent decision by the Depository Trust & Clearing Corporation (DTCC) to assign zero collateral value to Exchange-Traded Funds (ETFs) featuring Bitcoin (BTC) or other cryptocurrencies as underlying assets.

This move signals Custodia’s determination to challenge the ruling and possibly seek further legal recourse in the ongoing dispute with the Federal Reserve.

The ruling asserts that the Federal Reserve has the authority to deny Custodia access to a Master Account.

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Article Details

Category: Crypto

Markets: India

Topics: Bitcoin News Federal Reserve 24/7 Cryptocurrency News DTCC Spot Bitcoin ETF Custodia Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-27 @ 17:06:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20800692

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