The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Bitcoin

JP Morgan to Offer “In-House” Bitcoin Fund to Wealthy Clients

by Miki 08/05/2021
by Miki 08/05/2021 0 comment

JP Morgan, the investment banking giant is reportedly pitching a Bitcoin fund to its private bank clients this week, as per a report in Coindesk. The banking giant had announced its Bitcoin fund in partnership with NYDIG back in April but didn’t start offering it to clients until now. The fund was advertised as the safest and cheapest investment option for the clients.

This also marks a change in strategy from JP Morgan towards Bitcoin who have downplayed its demand on several occasions. Now the American banking giant is all set to offer a private Bitcoin fund. The news also comes just weeks after JP Morgan started offering crypto funds to retail wealthy clients.

The CEO of the company Jamie Dimon is a known Bitcoin critic and maintains he is not a big fan of the top cryptocurrency, but at the same has accepted that if clients want to invest in something they would offer it. The wealth management CEO at the bank had recently said that clients see Bitcoin as an asset class.

The megabank had also shown a great interest in Ethereum and Defi market claiming the ETH 2.0 staking could become a multi-billion dollar industry and even suggesting that Ethereum can outperform Bitcoin to become the true store of value.

Investment Giants Continue to Embrace Bitcoin Amid Surging Demand

Several financial giants including known critics have come a full circle this bull season and have started offering Bitcoin and other crypto-investment products. Be it, Goldman Sachs, Bank of America, Wells Fargo, or JP Morgan, the institutional demand has forced these financial giants to get into the game despite regulatory uncertainty around the crypto market.

The institutional demand for Bitcoin continues to soar irrespective of the market momentum. Amid growing demand for regulating the crypto market and passing of the first Bitcoin ETF, wealthy clients continue to invest in crypto while more Wall Street giants embrace Bitcoin.

Source link

Views: 1
BitcoinClientsFundInHouseMorganOfferWealthy
Share
0
FacebookTwitterPinterestEmail
previous post
Sensorium Galaxy Sets to Take Over Entertainment Space with Advanced Technologies
next post
Fans Can Buy Game Moment NFTs In Person at the NBA Summer League Games in Vegas – Blockchain Bitcoin News

Related Posts

Elon Musk thinks this individual could be the...

12/29/2021

Bitcoin price trades under $48k as $6 billion...

12/29/2021

Indian security regulator warns mutual funds against investing...

12/29/2021

Bitcoin Will Remain ‘Digital Gold’, But Not A...

12/29/2021

Key Factors that Propelled Ether’s 4X Growth over...

12/28/2021

Gold Proponent Peter Schiff Claims Bitcoin is Losing...

12/28/2021

Trend Is Again Shifting From Outflows To Inflows

12/28/2021

Why Bitcoin Will Never Surpass The Market Cap...

12/28/2021

Crypto hacks led to $9.8 billion in losses...

12/28/2021

Is Bitcoin (BTV) Going To Hit $100k? Ambitious...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Bitcoin (BTC) Miner’s Revenue See a 16% Jump From June

  • CEO Reveals Another 202,472.5 COMP Up for Grabs

  • Should NFT geeks care about Bored Ape’s Ethereum-based token launch

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,946.00-3.26%
  • ethereumEthereum(ETH)$2,033.52-3.32%
  • tetherTether(USDT)$1.00-0.10%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • binancecoinBNB(BNB)$300.08-2.03%
  • rippleXRP(XRP)$0.428427-3.70%
  • cardanoCardano(ADA)$0.56-6.40%
  • SolanaSolana(SOL)$54.22-4.49%
  • Binance USDBinance USD(BUSD)$1.00-0.55%
  • polkadotPolkadot(DOT)$10.79-5.25%
  • dogecoinDogecoin(DOGE)$0.088561-2.86%
  • AvalancheAvalanche(AVAX)$33.05-5.12%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,908.00-3.25%
  • Lido Staked EtherLido Staked Ether(STETH)$1,999.24-3.60%
  • tronTRON(TRX)$0.069469-2.14%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.28%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.11%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.195692-1.78%
  • litecoinLitecoin(LTC)$68.47-1.59%
  • matic-networkPolygon(MATIC)$0.68-5.03%
  • LADZLADZ(LADZ)$0.0686894.36%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.69-6.02%
  • leo-tokenLEO Token(LEO)$4.92-0.80%
  • FTX TokenFTX Token(FTT)$31.79-1.18%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$200.38-4.44%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.57-1.83%