JPMorgan Chase continues crypto drive with Bitcoin fund

  • JPMorgan Chase has quietly made half a dozen crypto funds available to their private bankers.
    • The fund is almost identical to one NYDIG offers to clients at Morgan Stanley. Last month, JPMorgan Chase rolled out a further four funds from Grayscale Investments and another from Osprey Funds.
    • Despite Jamie Dimon’s personal disdain for cryptocurrency, the JPMorgan Chase CEO has had to respond to an increasing number of clients asking for exposure to bitcoin, as well as employees openly wondering when the bank would get involved.
    • JPMorgan Chase, the biggest U.S. bank by assets, now follows in the footsteps of rivals Goldman Sachs and Morgan Stanley, who also offer bitcoin funds to clients.

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