WFC - JPMorgan Reports $760K Spot Bitcoin ETF Holdings Even As CEO Jamie Dimon Called For Shutting Down Crypto Industry | Benzinga
The largest bank in the United States, JPMorgan Chase & Co. (NYSE:JPM), has disclosed a significant investment in Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) despite its CEO Jamie Dimon's persistent criticism of cryptocurrencies.
What Happened: JPMorgan has invested approximately $760,000 in spot Bitcoin ETFs on behalf of its clients, according to recent filing with the Securities and Exchange Commission (SEC).
The bank’s holdings are spread across several ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), the ProShares Bitcoin Strategy ETF (BITO), Fidelity’s Wise Origin Bitcoin Fund (FBTC), the Grayscale Bitcoin Trust (GBTC) ...