The Depository Trust and Clearing Corporation (DTCC), a key player in financial services offering clearing and settlement services, has declared its decision not to allocate any collateral to exchange-traded funds (ETFs) linked to Bitcoin or other cryptocurrencies, and will not extend loans against them. Effective April 30, 2024, DTCC will enact alterations to collateral values for specific securities during its annual line-of-credit facility renewal, potentially impacting position values in the collateral monitor. This announcement made on April 26 signifies that ETFs and analogous investment instruments backed by Bitcoin or other cryptocurrencies will be deprived of any collateral value, resulting in