10x Research: Due to the impact of DTCC's statement, there is a risk of reversal in ETF fund inflows
In response to DTCC's announcement that any ETF or other investment tools based on Bitcoin or other cryptocurrencies will not be given collateral value, the cryptocurrency research institute 10x Research posted on platform X stating 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 article previously published by this institution titled "On the Role of Self-Reinforcing Bitcoin Mechanisms" pointed out that there is a risk of reversal of ETF inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve's reverse repo operations accepted $4.496 billion, hitting a new low since 2021.
Spot gold drops over 2%, falls below $3,960 per ounce
Barr: Consumer spending remains strong, core inflation continues to rise
Barr: Cautious rate cuts needed due to inflation and employment uncertainties
Trending news
MoreCrypto prices
More
