10x Research: DTCC announces higher margin requirements for cryptocurrency ETFs, which may trigger a reversal of Bitcoin ETF inflows

According to BlockBeats, on April 27, cryptocurrency research firm 10x Research analyzed that the Depository Trust and Clearing Corporation (DTCC) recently announced that starting from April 30, it will no longer provide any collateral value for any ETF or other investment vehicle that includes Bitcoin or other cryptocurrencies as underlying investment targets, and the relevant assets will be considered 100% write-down, which means that market makers need to provide more margin. 10x Research pointed out that Bitcoin prices are hitting lower highs and a new downward trend seems to be forming. In this context, DTCC's statement may have a significant impact. On April 4, 10x Research analyzed a "self-reinforcing Bitcoin mechanism" framework and believed that there is a risk that ETF fund inflows will be reversed to a certain extent.