Custodia Bank CEO Hails DTCC Decision On Zero Collateral Value Of Bitcoin ETF

Custodia Bank CEO Caitlin Long has lauded the recent decision by the Depository Trust & Clearing Corporation (DTCC) to assign zero collateral value to Exchange-Traded Funds (ETFs) featuring Bitcoin (BTC) or other cryptocurrencies as underlying assets. On April 30, DTCC will start enacting amendments to collateral values for particular securities as part of its annual line-of-credit facility renewal.