JPMorgan Is Pitching A Private Bitcoin Fund to its Wealthy Clients

2021-8-5 17:02

JPMorgan Chase is now planning to offer a passively managed Bitcoin fund in-house to its wealthy clients and has already started pitching it to them this week.

Citing two people familiar with the matter, CoinDesk reported that the fund would be offered in partnership with NYDIG. This Bitcoin financial services provider is the subsidiary of StoneyRidge and is working with banks all over the US to support the cryptocurrency.

The private fund does not have any investments from its clients yet, but advisors were filled in only earlier this week.

The banking giant aims to offer its fund to the clients of JPMorgan Private Bank as the cheapest and safest bitcoin investment vehicle available on the private markets.

This fund would reportedly also act as an access port over to a Bitcoin exchange-traded fund (ETF). But while JPMorgan isn’t in the race for a Bitcoin ETF approval, NYDIG has filed for an application that is being reviewed by the SEC.

As we reported, wealth management clients recently gained exposure to Bitcoin through investment vehicles like GBTC using a JPMorgan's brokerage account.

The post JPMorgan Is Pitching A Private Bitcoin Fund to its Wealthy Clients first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SIFT

fund clients jpmorgan wealthy bitcoin pitching matter

Источник: bitcoinexchangeguide.com

fund clients → Результатов: 80


NYDIG, FS Investments Collaborate With Morgan Stanley To Create New Bitcoin Investment Fund

Financial services firm New York Digital Investment Group (NYDIG) and asset manager FS Investments would establish a Bitcoin investment fund aimed at US megabank Morgan Stanley clients. NYDIG, FS Investments File Paperwork With SEC NYDIG and FS Investments have already filed the necessary paperwork with the US Securities and Exchange Commission (SEC) for an investment […] The post NYDIG, FS Investments Collaborate With Morgan Stanley To Create New Bitcoin Investment Fund first appeared on BitcoinExchangeGuide.

2021-6-16 19:03


Brian Kelly: ‘Bitcoin to Be More Valuable Than Apple in 5 Years’

Cryptocurrency hedge fund manager Brian Kelly has been the voice of crypto on Wall Street. He has not shied away from going out on a limb for bitcoin in front of his clients and peers. For Kelly, who is at the helm of digital currency investment firm BKCM, sometimes the bets have paid off, while […] The post Brian Kelly: ‘Bitcoin to Be More Valuable Than Apple in 5 Years’ appeared first on BeInCrypto.

2020-9-26 02:27


Institutional Investors Are Scooping Up All the Newly Minted BTC, Leaving Not Much Left to Buy

Over the last three months, Grayscale Investments bought up to 33% of all newly minted bitcoin. The asset manager continues to stockpile the world’s leading digital asset for its clients having added nearly 70,000 BTC to its Bitcoin Trust Fund between February to May 17, reads a researcher’s post on Reddit. The researcher noted, “The […]

2020-5-24 16:49


Micro-investment fintech Raiz to offer Bitcoin-exposed retail fund to over 300,000 Australian clients

Raiz, a micro-investment Fintech company, is reportedly planning to offer retail investors exposure to Bitcoin (BTC) through its new fund. The Sydney-based financial services firm recently received approval from the Australian Securities and Investment Commission (ASIC) to offer its Bitcoin-exposed retail fund.

2020-1-20 18:23


Фото:

Grayscale Wins First US Approval For Cryptocurrency-Based Security

A pivotal US self-regulatory organization has formally licensed the country’s first public security based on cryptocurrency markets. Large Cap Fund Gets FINRA Say-So Shares of Grayscale’s Digital Large Cap Fund (DLC) received the green light from the Financial Industry Regulatory Authority (FINRA) this week, a press release confirmed on October 14.

2019-10-15 22:47


дальше еще 31 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru