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10x Research: Risk of ETF inflow reversal due to DTCC statement

2024-04-27 09:58
Odaily News In response to the DTCC's announcement that any ETF or other investment vehicle that includes Bitcoin or other cryptocurrencies as underlying investments will not give collateral value, the cryptocurrency research agency 10x Research posted on the X platform that Bitcoin is setting lower price highs - a new downward trend seems to be in place, which is where the DTCC statement may have an impact. The agency's previous article "Framework for the Self-Reinforcing Bitcoin Mechanism" pointed out that there is a risk that ETF inflows may reverse.