Let's talk about hedging with BTC, brothers

At least it's a step towards buying quality assets.

1. BTC's “regularization” has advanced further

This is the first time that American banks have officially accepted BTC ETFs as collateral for loans, which in financial practice is equivalent to including Bitcoin in the list of “qualified assets”.

2. Bitcoin ETFs become a bridge

Compared to directly holding BTC, the ETF format is accepted by more traditional financial institutions for reasons including:

a. Easy to value and regulate;

b. Good liquidity;

c. Credibility endorsement by asset management firms (like BlackRock).

3. Broader institutional funds can enter the market

a. Financial institutions, trusts, and funds that originally could not accept “crypto assets” due to risk control policies can now access Bitcoin through ETFs;

b. Using ETFs as collateral means BTC is indirectly included in the credit system, which could release new liquidity.

————————————————

Let's see if Dongda follows suit

JPMorgan has made its move, let's see if Citibank and Goldman Sachs will follow (I believe they will definitely follow)

IBIT may see significant growth in collateral usage

What does it mean for a certain type of asset to serve as important collateral?

To put it another way, in some regions of the mainland, real estate can no longer be used as collateral for loans. This means that BTC may truly be stepping into the realm of quality assets.

Brothers, I'm going all in on BTC.