JP Morgan May Roll Out Its First Bitcoin Fund This Summer

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Mon, 04/26/2021 - 11:35

Yuri Molchan

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

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 a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and 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.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.