JPMorgan to provide wealthy clients access to Bitcoin funds

JPMorgan to provide wealthy clients access to Bitcoin funds
фото показано с : coinjournal.net

2021-4-28 13:45

JPMorgan Chase is reportedly set to offer its wealthy clients access to Bitcoin funds, becoming the latest US bank to provide such service to its customers

Investment bank JPMorgan Chase is set to provide its wealthy clients access to Bitcoin funds. The funds could be available as early as this summer, with the bank set to join Morgan Stanley and Goldman Sachs in allowing its clients to gain exposure to the leading cryptocurrencies.

Two sources close to the matter revealed that JPMorgan would work with institutional Bitcoin firm NYDIG. The firm will serve as JPMorgan’s custody provider for the Bitcoin funds. One of the sources added that JPMorgan intends to manage the Bitcoin funds themselves.

By actively managing its Bitcoin funds, JPMorgan would be offering a different business model to those of Pantera Capital and Galaxy Digital, two of the leading cryptocurrency funds providers. The duo allows their clients to buy and hold BTC through funds without touching the cryptocurrencies themselves.

This latest development means that JPMorgan would become the third US-based bank to offer Bitcoin funds to its private clients. Morgan Stanley already rolled out its Bitcoin funds earlier this month and has attracted millions of dollars in investment over the past two weeks.

Goldman Sachs announced its plans to launch the service in the second quarter of the year. Hence, it could start providing the service to its investors any moment from now.

JPMorgan providing its customers’ exposure to Bitcoin represents a sharp turnaround in opinion over the past few years. The bank and its CEO Jamie Damon were critical of Bitcoin in the past, calling it a fraud on one occasion.

However, the investment bank has changed its stance in recent months. The bank has recently developed its JPM Coin to use blockchain technology in providing cheaper, faster and easier cross-border remittance services.

The post JPMorgan to provide wealthy clients access to Bitcoin funds appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97266.13 (+0.10%)
Объем 24H $96.88b
Изменеия 24h: 2.98 %, 7d: 6.58 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1924.447b Rank 1
Цена в час новости $ 55433.57 (75.46%)

bitcoin jpmorgan access funds clients wealthy provide

Источник: coinjournal.net

bitcoin jpmorgan → Результатов: 126


Фото:

As Grayscale’s Big BTC Unlock Nears, JPMorgan Puzzles Over $23,000 Bitcoin Price ‘Fair Value’

Bitcoin has continued to play out in tight range since it found ground in the $29,000 area, a support area that was last established on diverse dates in January this year. Whereas most observers seem to only harbor a bullish bias, JPMorgan has constantly held that that Bitcoin could further drop to $23,000 before gathering […]

2021-7-14 22:12


Джейми Даймон советует держаться подальше от Bitcoin

Генеральный директор американского банковского гиганта JPMorgan меняет свое мнение о Bitcoin как перчатки: от заявления о возможном принятии, до полного отрицания. JPMorgan снова говорит о Bitcoin Несколько лет спустя, когда JPMorgan Bank решил перейти на продукты, ориентированные на криптовалюту, мы могли ожидать, что Джейми Даймон изменит свое мнение по вопросу о Биткойнах и криптовалютах.

2021-5-29 13:36


JPMorgan Analysts Call for $146,000 Long-Term Bitcoin Price Target

With the increased institutional adoption of Bitcoin due to worldwide economic and social factors, the leading cryptocurrency can no longer be ignored. According to JPMorgan analysts via Bloomberg, gold may continue to lose market share: “Bitcoin may have the potential for substantial further gains over the long term as it competes with gold for investment … Continued The post JPMorgan Analysts Call for $146,000 Long-Term Bitcoin Price Target appeared first on BeInCrypto.

2021-1-6 16:36


Фото:

В JPMorgan рассказали о реальной цене bitcoin

Исследователи американского финансового холдинга JPMorgan считают, что реальная стоимость bitcoin остается ниже той, что установлена в отношении актива на рынке. Соответствующие выводы специалистов представлены в материале Bloomberg.

2020-1-13 12:34


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETF options fuel US crypto market surge

The launch of options tied to BlackRock Inc.’s $44 billion iShares Bitcoin Trust has set the stage for potential record-breaking moments for Bitcoin. On Tuesday, Nasdaq Inc. reported the trading of over 350,000 contracts on the first day, with data from Bloomberg indicating that approximately 80% of these were bullish bets. Nine out of the […]

Vantard vs Dogwifhat: which one is the better Solana-based meme coin?

Solana-based meme coins like Dogwifhat (WIF) have delivered exceptional returns in recent months. WIF, in particular, continues to attract solid demand following its recent listing on Coinbase. But a new player is now emerging in the world of meme coins that may even outperform Dogwifhat in 2025.