The largest financial institution within the US, JPMorgan Chase, says it now holds about $760,000 in spot Bitcoin ETFs on behalf of its shoppers.
In a brand new Kind F13 submitting, which requires institutional funding managers to reveal their holdings, JPMorgan says the publicity is unfold throughout BlackRock’s iShares Bitcoin Belief (IBIT), the ProShares Bitcoin Technique ETF (BITO), Constancy’s Sensible Origin Bitcoin Fund (FBTC), the Grayscale Bitcoin Belief (GBTC) and the Bitwise Bitcoin ETF.
The revelation follows an analogous submitting from rival Wells Fargo, which says it holds 2,245 shares of the Grayscale Bitcoin Belief (GBTC) value $121,207 at time of publishing.
JPMorgan can also be one of many approved contributors powering BlackRock’s Bitcoin ETF, facilitating flows out and in of the fund.
Regardless of Bitcoin’s sudden adoption on Wall Road, JPMorgan CEO Jamie Dimon continues to be one of many loudest critics in opposition to BTC.
Dimon not too long ago called Bitcoin a pet rock used solely by criminals and speculators. When requested if the brand new ETFs modified his pondering, Dimon informed CNBC it was the final time he would touch upon the main crypto asset.
“I don’t care. So simply please cease speaking about this shit… That is the final time I’m ever going to state my opinion.”
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