JPMorgan invests in Bitcoin ETFs: Which funds are available?

It was revealed that JPMorgan Chase, the largest bank in the USA, invested in BTC exchange traded funds (ETFs) of Grayscale, ProShares, Bitwise, BlackRock and Fidelity. In the reports submitted by the bank to the SEC, it was stated that it had a total share of 760 thousand dollars in these funds.

#JPMorgan Chase, which manages approximately 2.6 trillion dollars, is known as the largest bank in the USA. These investments of the bank show that institutional interest and potential in the cryptocurrency market continues to increase.

JPMorgan Chase's investments include ProShares Bitcoin Strategy ETF (BITO), #BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC) and #Bitwise ETF. The bank has also invested in Bitcoin Depot, a crypto ATM provider.

This situation emerged after Wells Fargo announced that it also invested in Grayscale and ProShares BTC ETFs and Bitcoin Depot. Susquehanna International Group also announced that it purchased more than $1 billion worth of shares from spot crypto ETFs in the first quarter of 2024.

The SEC approved spot #BTC ETFs to be listed and traded on US exchanges in January. Many experts expect the commission to make a similar decision regarding spot Ether ETFs. The last date of the institution's response to the application of asset manager VanEck is May 23.

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