The Depository Trust and Clearing Corporation (DTCC) is a US financial services company that provides clearing and settlement services.
The DTCC issued an important notice announcing 100% haircut for ETFs and investment vehicles that include Bitcoin . No collateral value meaning the financial services company will provide no loans against investments in ETFs, Bitcoin . Crypto expert says Bitcoin could face selling pressure if small banks facilitating investments in ETFs drop their holdings. The Depository Trust and Clearing Corporation is a US financial services company that provides clearing and settlement services.
The system serves as a tool that meets market participants' liquidity requirements. ETFs can still find their role in lending and as a collateral in brokerage activities subject to the risk tolerance of individual brokers. Crypto analyst @HodlMagoo says that there might be a liquidity issue “around the corner.
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