Tags : JPMorgan

Market

JPMorgan offers BTC exposure, an ETF in sheep’s clothing

Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly.  This volatility is evident in the recent all-time high Bitcoin of […]Read More

Bitcoin

Bitcoin naysayer JPMorgan creates ‘Cryptocurrency Exposure Basket’

The US bank is suddenly turning bullish on Bitcoin’s long-term growth after trying to shun it for years. Bitcoin the first time JPMorgan has created a “Cryptocurrency Exposure Basket” for clients looking to bet on companies working in the crypto space, a filing on Tuesday showed. The basket contains over 11 publicly-traded stocks with a […]Read More

Cryptocurrency

JPMorgan co-president admits the demand for Bitcoin will come at

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by […]Read More

Market

Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term:

While a bitcoin exchange-traded fund (ETF) would be a long-term positive, in the short term it could hurt the price of the leading cryptocurrency as it would draw institutional money from the Grayscale Bitcoin Trust (GBTC), currently the only way for some on Wall Street to gain exposure to bitcoin, JPMorgan analysts wrote in a […]Read More