Report: JPMorgan To Offer Bitcoin Fund



JPMorgan Chase & Co. is preparing to allow its clients to invest in an “actively-managed” bitcoin fund, according to CoinDesk.

“The JPMorgan bitcoin funding could roll out as soon as this summer,” per the report. “Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider.”

This fund would reportedly only be available to private wealth clients.

If and when such a fund does become available, JPMorgan would be joining a growing number of legacy financial firms that want to offer bitcoin exposure to clients. Goldman Sachs announced a similar move in March, while Morgan Stanely announced one earlier this month.