Replies to post #383442 on SPDR S&P 500 (SPY)

[2H2]

Crypto no longer considered collateral. Goodbye market.

EFFECTIVE TUESDAY, DTC TO ASSIGN 100% HAIRCUT TO ALL CRYPTOCURRENCY INVESTMENTS⚠️

FIRMS WILL NO LONGER BE ABLE TO UTILIZE CRYPTO AS COLLATERAL, INCLUDING ETFS AND OTHER SPOT PRODUCTS. pic.twitter.com/gRfbdG8ZYm

— M.B. (@741trey) April 26, 2024