{"id":291201,"date":"2024-04-27T17:34:30","date_gmt":"2024-04-27T12:04:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-etf-to-face-a-new-downtrend-heres-why-crypto-news\/"},"modified":"2024-04-27T17:37:08","modified_gmt":"2024-04-27T12:07:08","slug":"bitcoin-etf-to-face-a-new-downtrend-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-etf-to-face-a-new-downtrend-heres-why-crypto-news\/","title":{"rendered":"Bitcoin ETF To Face A New Downtrend, Here&#8217;s Why &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">Amid a broader crypto market selloff, concerns over the trajectory of the Bitcoin Exchange-Traded Fund (ETF) have intensified following a recent report signaling a new downtrend for the investment instrument. Notably, the recent announcement from the Deposit Trust Company (DTCC) regarding collateral values for ETFs containing BTC or other cryptocurrencies has fueled <\/span><span data-preserver-spaces=\"true\">concerns among investors<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">DTCC Announcement Rattles Bitcoin ETF Investors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The U.S. Spot Bitcoin ETFs have witnessed a topsy-turvy scenario lately, as evidenced by the significant outflows this week. Meanwhile, this has raised concerns among investors over a cooling interest from the Wall Street players toward the flagship crypto. In addition, this move seems to have also contributed to the recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-selloff-70-bln-liquidated-btc-sol-xrp-shib-prices-fell\/\">crypto market selloff<\/a>.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile<\/span><span data-preserver-spaces=\"true\">, amid this<\/span><span data-preserver-spaces=\"true\">, a recent report from 10X Research has cast a shadow over the BTC ETF landscape, citing the DTCC\u2019s decision to apply a 100% haircut to ETFs with cryptocurrency exposure starting April 30.<\/span><span data-preserver-spaces=\"true\">\u00a0This move has raised speculation about a potential reversal in Bitcoin ETF inflows, particularly as the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> market grapples with heightened volatility and a significant outflow from U.S. Spot BTC ETFs.<\/span><\/p>\n<figure style=\"width: 758px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/pbs.twimg.com\/media\/GMKXDFzaUAAU7Ph?format=jpg&#038;name=900x900\" alt=\"Bitcoin ETF Concerns Amid DTCC Announcement\" width=\"758\" height=\"336\"\/><\/noscript><figcaption class=\"wp-caption-text\">Source: 10X Research, X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Notably,<\/span><span data-preserver-spaces=\"true\">\u00a0the DTCC\u2019s decision to withhold collateral value from ETFs featuring cryptocurrencies as underlying assets has sent shockwaves through the digital asset market.<\/span><span data-preserver-spaces=\"true\">\u00a0With Bitcoin making lower highs, 10X Research predicted a new downtrend seemingly in place for the Bitcoin ETF.\u00a0<\/span><span data-preserver-spaces=\"true\">Considering that,<\/span><span data-preserver-spaces=\"true\">\u00a0the market\u00a0<\/span><span data-preserver-spaces=\"true\">participants\u2019s concerns<\/span><span data-preserver-spaces=\"true\">\u00a0seem to be mounting over the potential implications of the DTCC\u2019s stance on Bitcoin ETFs.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-wallets-rising-quickly-as-active-wallets-for-these-crypto-drop\/\">Bitcoin Wallets Rising Quickly As Active Wallets for These Crypto Drop<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><span data-preserver-spaces=\"true\">DTCC\u2019s Announcement Comes Amid Notable Outflux<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The recent declaration from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/dtcc-says-bitcoin-etf-exposure-will-have-zero-collateral-value-loan\/\">DTCC<\/a> has sent shockwaves through the financial community, particularly impacting BTC ETFs. Effective immediately, DTCC has halted <\/span><span data-preserver-spaces=\"true\">the allocation of<\/span><span data-preserver-spaces=\"true\">\u00a0collateral to ETFs linked to Bitcoin or cryptocurrencies, posing significant challenges for investors.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, this decision comes ahead of\u00a0<\/span><span data-preserver-spaces=\"true\">the implementation of<\/span><span data-preserver-spaces=\"true\">\u00a0amendments to collateral values starting April 30, 2024, affecting select securities in the Collateral Monitor. Notably, DTCC\u2019s move implies a 100% haircut for ETFs with crypto exposure, raising concerns about their viability and potential market repercussions.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span data-preserver-spaces=\"true\">Besides, the decision comes amid a massive outflow noted in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-etf-records-first-all-net-outflow-of-83m-since-launch-bitcoin-bottomed\/\">U.S. Spot Bitcoin ETFs<\/a> this week. For context, the\u00a0<\/span><span data-preserver-spaces=\"true\">total<\/span><span data-preserver-spaces=\"true\"> U.S. Spot BTC ETF has witnessed an outflow of $328 million this week. Notably, over the last three days through April 26, the Bitcoin ETF outflow totaled $421.8 million.<\/span><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ex-grayscale-director-warns-bitcoin-price-crash-to-52000\/\">Ex-Grayscale Director Warns Bitcoin Price Crash To $52000<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bitcoin-etf-face-new-downtrend-here-why\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bitcoin-etf-face-new-downtrend-here-why\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA193974\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. 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The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" 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of the Bitcoin Exchange-Traded Fund (ETF) have intensified following a recent report signaling a new downtrend for the investment instrument. Notably, the recent announcement from the Deposit Trust Company (DTCC) regarding collateral values for ETFs containing BTC or other cryptocurrencies has fueled concerns among investors. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":192751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-291201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/291201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=291201"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/291201\/revisions"}],"predecessor-version":[{"id":291205,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/291201\/revisions\/291205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/192751"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=291201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=291201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=291201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}