DTCC: Starting April 30, Bitcoin or any crypto assets will have no collateral value

According to BlockBeats, on April 27, DTCC (Depository Trust & Clearing Corporation) released a new document stating that starting from April 30, 2024, as part of the annual update of the credit line, DTCC will implement the following changes to modify the collateral value of certain securities, which may affect the position value applied in the collateral monitor: · The collateral valuation of corporate notes or bonds rated B1 to B3 will be adjusted from 50% to 70%. · Any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as the underlying collateral will have no collateral value and will therefore be subject to a 100% valuation discount.