Report: JPMorgan Opens Bitcoin Fund to Wealthy Clients
Banking giant JPMorgan Chase will reportedly soon offer a passively managed Bitcoin fund to clients.JPMorgan Chase has partnered with the Bitcoin-focused institutional-grade platform New York Digital Investment Group to offer the passively managed Bitcoin fund in-house, CoinDesk reports citing two sources close to the matter.Advisers at the bank were prepared for the offering in a launch call just yesterday, according to CoinDesk, who also reported that the fund will be “presented to clients as the safest and cheapest bitcoin investment vehicle available on the private markets.” A source....
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Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds JPMorgan has given its financial advisors the green light to give all its clients access to cryptocurrency funds, the Insider reported Thursday, citing people directly familiar with the matter. This move....
A news report indicates that JPMorgan will soon offer an “actively-managed” bitcoin fund to clients.
Wells Fargo is offering its wealthy clients indirect exposure to Bitcoin through a new fund issued in partnership with NYDIG and FS Investments. Wells Fargo – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC).Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D — with the United States Securities Commission (SEC), reveals that the fund is called “FS NYDIG BITCOIN FUND I,” reflecting the fact that it is being incorporated as a limited partnership....
Today, banking giants Wells Fargo and JPMorgan both filed for passive Bitcoin funds for their wealthy clients.
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