Financial giant JPMorgan Chase provided the US Securities and Exchange Commission (SEC) with a quarterly report on Form 13°F. According to the document, the company owns shares of five spot Bitcoin ETFs. This is reported by Incrypted.
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JPMorgan has invested in such crypto funds as:
- iShares Bitcoin Trust (IBIT); Grayscale Bitcoin Trust (GBTC); ProShares Bitcoin Strategy ETF (BITO); Fidelity Wise Origin Bitcoin Fund (FBTC); Bitwise Bitcoin ETF (BITB).
In total, the company has invested $760,000 in Bitcoin-based cryptocurrency ETFs. Analysts note that while Hightower has invested $68 million in this asset class, JPMorgan has limited itself to a relatively small contribution.
p>At the same time, representatives of the crypto community consider such a step by the company to be a positive signal for the industry. JPMorgan Chase is a multinational financial conglomerate and one of the world's largest banks. It manages $2.6 trillion.
Recall
The Ministry of Finance wrote that JPMorgan Chase analysts urged investors to maintain a cautious position on the cryptocurrency market. In their opinion, the digital assets industry should not be expected to resume growth in the near future.