JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks ...
JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure to bitcoin, correlation to bitcoin and liquidity,” according to the company’s filing with the U.S. Securities and Exchange Commission (SEC). JP Morgan to Begin Providing Clients With Bitcoin Exposure In a Tuesday filing with the SEC, JPMorgan Chase revealed a structured investment product that....
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MicroStrategy shares skyrocketed alongside the parabolic Bitcoin rally as investors rushed to gain exposure to the trending cryptocurrency any way they could. Banking on this demand, JP Morgan is planning to introduce a new investment product that is a basket of companies with some type of cryptocurrency market exposure. Here’s a deeper look at what this new investment product from JP Morgan could entail according to an SEC filing, as well was what this could […]
Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said.
Morgan Stanley Sets Up New Research Team
Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported Monday, citing the bank’s internal memo to staff it has seen.
Led by Sheena Shah, the firm’s lead cryptocurrency analyst, the team will research....
Jamie Dimon, the CEO of U.S investment bank JP Morgan, lifted spirits following his assessment that crypto markets could hit a $5 trillion valuation. Currently, the value of all cryptocurrencies comes in at $1.6 trillion. Speaking at Investment Company Institute (ICI) annual meeting, Dimon said more government oversight is needed before crypto gets too big. […]
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s Ark Invest Jumps on the Bitcoin ETF Bandwagon Ark Invest, the famous asset management firm, filed for approval to launch a Bitcoin ETF yesterday. The firm, founded and managed by Cathie Wood, will partner with 21Shares, a firm with experience in....