Category: jp morgan

JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients

JPMorgan Begins Offering 5 Cryptocurrency Funds to Clients

Global investment bank JPMorgan has reportedly green-lighted its advisors to provide clients with access to five cryptocurrency funds. The funds are available to all JPMorgan’s wealth management clients seeking investment advice. The move makes JPMorgan the first large bank to expand crypto trading access beyond just ultra-wealthy clients. JPMorgan Now Offers Access to Crypto Funds […]

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JPMorgan Becomes First US Banking Giant to Give Wealth Clients Access to Crypto Funds

Retail wealth clients at American banking giant JPMorgan Chase & Co have been given access to several cryptocurrency products, including Grayscale Bitcoin Trust (GBTC). The move makes the bank the first major financial institution in the United States to do so. JPMorgan Approves Five Crypto Funds The bank issued a memo to its financial advisors […]

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Clients Want to “Invest in Bitcoin (BTC)” Reveals JP Morgan Wealth Management CEO

JP Morgan Wealth Management CEO Mary Callahan Erdoes in a recent interview with Bloomberg revealed their clients are quite bullish on Bitcoin and they see it as an asset class. Erdoes said several of their clients want to “invest in Bitcoin (BTC)” and they are ready to help them invest their money wherever they like. […]

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JPMorgan Exec: Demand for Bitcoin is High, Most Clients See it as an Asset Class

JPMorgan Exec: Demand for Bitcoin is High, Most Clients See it as an Asset Class

While being skeptical about offering bitcoin investment options to its clients, the American multinational investment bank JPMorgan Chase & Co has admitted that demand for the asset class has increased significantly. Growing Demand for Bitcoin In a recent interview with Bloomberg, Mary Callahan Erdoes, JPMorgan’s director of Asset and Wealth Management, noted that most of […]

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JPMorgan Says a Lot of Clients See Cryptocurrency as Asset Class and Want to Invest

JPMorgan Says a Lot of Clients See Cryptocurrency as Asset Class and Want to Invest

JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management. A Lot of JPMorgan Clients Consider […]

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Bitcoinization of El Salvador: JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender

Bitcoinization of El Salvador: JPMorgan Sees No ‘Tangible Economic Benefits’ of Bitcoin as Legal Tender

JPMorgan has offered its view on the bitcoinization of El Salvador, the country which recently made bitcoin legal tender alongside the U.S. dollar. JPMorgan says, “It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” JPMorgan on the Bitcoinization of El Salvador JPMorgan & Chase’s […]

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Why Ethereum (ETH) May Soon Overtake Bitcoin (BTC)?

Ethereum (ETH), the second-largest cryptocurrency by market cap has catapulted to mainstream adoption this bull season along with Bitcoin (BTC). It has become a growing choice of financial institutions and many including the likes of Goldman Sachs and JP Morgan believe it has the potential to eventually overtake BTC as the new store of value. […]

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Is Another BTC Price Crash On Its Way As Predicted By JP Morgan?

Bitcoin price may be headed for another price crash as per financial giant JP Morgan. The prediction comes in the wake of the upcoming Grayscale Bitcoin Trust (GBTC) unlock, a half-yearly event believed to have a volatile impact on Bitcoin price. Grayscale Bitcoin trust allows accredited investors to add BTC to the Trust holdings and […]

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JPMorgan Analysts Bullish on Ethereum and Staking Economy

Going against the stance of the bank’s crypto disparaging CEO, Jamie Dimon, the analysts argued in a report this week that blockchains running more energy-efficient networks than Bitcoin will increase in popularity. Staking currently generates an estimated $9 billion worth of revenue annually for the crypto industry, according to the report. The researchers predict that […]

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JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation

JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market […]

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