Bitcoin Price Falls following DTCC's Decision on Collateral for Bitcoin ETFs
Saturday, 27 April 2024, 12:08
Bitcoin Falls after DTCC Rules Out Collateral for Bitcoin-Linked ETFs
The price of bitcoin fell to a low of $62,801 early Saturday from $63,476 late Friday after the financial services giant, the Depository Trust and Clearing Corporation (DTCC) announced it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to bitcoin or cryptocurrencies and will not extend loans against them effective April 30, 2024.
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