Bitcоin

BREAKING: JPMorgan, Largest Bank in the US, Announces It Owns Bitcoin Spot ETF Holdings

10.05.2024

JPMorgan, the largest US bank, owns approximately $1 million worth of Bitcoin Spot ETF shares, according to a filing with the SEC.

This statement comes despite the bank’s CEO Jamie Dimon having previously expressed strong anti-Bitcoin views.

Dimon has expressed skepticism towards Bitcoin, going so far as to call it a “ponzi scheme” and “a scam with no future as a currency.” He has consistently advised investors to stay away from the volatile digital asset.

However, the latest statement shows a divergence between the CEO’s personal views and the bank’s investment strategies. JPMorgan Chase is an authorized participant in Blackrock’s spot Bitcoin ETF, a stark contrast to Dimon’s public stance on cryptocurrency.

*This is not investment advice.

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10.05.2024
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