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.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team