According to BlockBeats, the Depository Trust & Clearing Corporation (DTCC) has announced that it will no longer accept Bitcoin or any other cryptocurrencies as collateral for ETFs or other investment tools from April 30. The assets will be considered as 100% write-off, implying that market makers will need to provide more margin. This information was analyzed by the cryptocurrency research institution, 10x Research.
10x Research has pointed out that the price of Bitcoin is creating lower highs, and a new downward trend seems to be forming. In this context, the statement by DTCC could have a significant impact. On April 4, 10x Research had analyzed a 'self-reinforcing Bitcoin mechanism' framework, suggesting the risk of ETF capital inflows reversing to some extent.