Global #ETFs

Exchange-traded funds (ETFs) exposed to Bitcoin or other cryptocurrencies will not receive any collateral from the Depository Trust and Clearing Corporation (DTCC), a financial services provider that handles clearing and settlement for the financial markets.

In the early afternoon of East Asia's trading day, Bitcoin (BTC) is trading above $64,000 despite a notable increase in withdrawals from bitcoin exchange-traded funds (ETFs).

American economist and gold bug Peter Schiff has interpreted the fact that the majority of the assets in the cryptocurrency industry are losing money as a sign that Bitcoin (BTC) is headed for collapse, issuing a particularly grim warning to owners of spot BTC exchange-traded funds (ETFs).

Shortly after the Bitcoin (BTC) halving, which was one of the biggest moments in the cryptocurrency world, American economist and gold enthusiast Peter Schiff persisted in questioning the viability of the main decentralized finance (DeFi) asset as a digital currency.

The fact that institutional investors and holders of Bitcoin exchange-traded funds (ETFs) have not realized much in their gains suggests that there won't be any selling pressure from this group in the near future. Was the Bitcoin decline below $60,000 the local low point? Bitcoin cost?

For some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk.