JP Morgan May Roll Out Its First Bitcoin Fund This Summer

Yuri Molchan

CoinDesk has reported that JP Morgan giant prepared to launch its first Bitcoin fund for customers

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Mon, 26/04/2021 - 11:35

JP Morgan May Roll Out Its First Bitcoin Fund This Summer

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Sources have told CoinDesk that the JP Morgan Chase banking giant spearheaded by Bitcoin critic Jamie Dimon may launch its first Bitcoin fund for wealthy clients as early as this summer.

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The custody provider for the BTC fund will be the institutional NYDIG platform. If JP Morgan accomplishes this, it will be the largest U.S.-based bank to start working with Bitcoin as an official asset.

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.