According to an article, JPMorgan Chase is the biggest bank in the US and has revealed that it bought spot bitcoin ETFs. SEC filing. JPMorgan revealed its Bitcoin ETF positions on Friday. JPMorgan holds spot Bitcoin ETFs from BlackRock, Bitwise and Fidelity.
JPMorgan could have an even greater exposure to ETF assets due to filings that date back to March. Spot Bitcoin ETF investments total more than $1M.
The news is also surprising, since Jamie Dixon, CEO of the bank, publicly questioned Bitcoin. Dixon has strongly opposed the digital asset for the past year. However, JPMorgan Chase is investing in the digital assets since they approved Bitcoin ETFs back in January 2024.
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Throughout 2024, Spot Bitcoin ETFs have become a massive part of the dialogue within the finance sector. The first investment offers were approved in January. Their success has only increased their prominence since. Wells Fargo became the US’ third-largest financial institution on Friday. also disclosed Bitcoin ETFs holdings.
The Bitcoin ETFs allow investors to have their portfolio exposed to BTC’s price fluctuations without having to own the cryptocurrency directly. JPMorgan Chase, one of the leading banks, has integrated Bitcoin into its offerings. Spot Bitcoin Exchange Traded Funds are a great way to get started.
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Source: watcher.guru