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JPMorgan: "Secret" Access to Six Crypto Funds



 Investment bank JPMorgan now offers access to six different crypto funds from Grayscale, Osprey Funds and NYDIG.

The investment bank JPMorgan has not followed the winged phrase “do good and talk about it” this time. She secretly, quietly, and quietly gave her institutional customers access to six crypto funds. In the most recent step, the bank's private customers will now have access to a new Bitcoin fund. The investment firm New York Digital Investment Group (NYDIG) launched this. This Stone Ridge Bitcoin Strategy Fund offers exposure to Bitcoin through the futures markets.


Last month, JPMorgan opened access to the Grayscale Bitcoin Trust, such as the Bitcoin Cash Trust, the Ethereum Trust, and the Ethereum Classic Trust. Investing in the Osprey Bitcoin Trust was also made possible. However, the bank's investment advisors are not allowed to proactively offer their clients to invest in these funds. According to Business Insider, JPMorgan will only conduct the transactions at the customer's request.

Goldman Sachs also has crypto funds in its portfolio

Does the now legendary statement of CEO Jamie Dimon that Bitcoin is “nothing more than a scam” belong to the past for good? In any case, it can be observed that Wall Street is offering more and more funds based on cryptocurrencies. In addition to JPMorgan, Goldman Sachs has also been offering crypto investments since last month via a trading department for derivatives and a trading platform for Bitcoin futures. At the end of July, the bank also submitted an application for a DeFi-based ETF.

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