Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs

Date:

April 27, 2024

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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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Bitcoin falls after DTCC rules out collateral for bitcoin-linked ETFs

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