JPMorgan Chase, the largest U.S. bank, said it currently holds about $760,000 in spot Bitcoin ETFs on behalf of its clients.
In a new Form F13 filing that requires institutional investors to disclose their stock holdings, JPMorgan says its exposure to BlackRock's iShares Bitcoin Trust (IBIT), ProShares Bitcoin Strategy ETF (BITO) ), Fidelity's Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC) and Bitwise Bitcoin ETF.
The disclosure follows a similar filing from rival Wells Fargo, which said it held 2,245 shares of Grayscale Bitcoin Trust (GBTC) worth $121,207 at the time of publication. There is.
JPMorgan is also one of the authorized participants supporting BlackRock's Bitcoin ETF, facilitating movement into and out of the fund.
Despite the sudden adoption of Bitcoin on Wall Street, JPMorgan CEO Jamie Dimon remains one of the most vocal critics of BTC.
recent daimon called Bitcoin is a pet stone used only by criminals and speculators. Asked whether the new ETF has changed his mind, Dimon told CNBC that this is the last time he will comment on major crypto assets.
“I don't care. So stop talking about this crap…This is the last time I'll give my opinion.”
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me XFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
