JPMorgan offers its clients access to Bitcoin, Ethereum and other trusts

Bitcoin, Ethereum and Other Trusts – Report 101 ″ class = »content-img» /> Jamie Dimon, CEO of JPMorgan. Source: screenshot of the video.

US-based investment banking giant JP Morgan , led by crypto skeptic Jamie Dimon, is allowing his financial advisers to help all his wealth management clients invest in crypto funds.

news came through an internal reminder that clients can now trade five different crypto trusts from providers as such. Grayscale Investments to Osprey Fund , Business Insider reported (via Street), citing an unknown source.

JPMorgan clients can now invest in cryptocurrencies through these five trusts: Grayscale Bitcoin Trust, Grayscale Bitcoin Cash Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust, and Osprey Bitcoin Trust.

However, for business savvy (via Reuters), JPMorgan advisers are only authorized to conduct ‘unsolicited’ crypto trades and cannot recommend products, but rather buy and sell on behalf of customer demand.

JPMorgan declined to comment on the report.

As reported, in May, Dimon reiterated that he has no interest in bitcoin (BTC) even though his company is about to launch a revolutionary bitcoin fund.

However, in addition to JPMorgan, other banking giants are also increasingly looking for services related to cryptocurrencies. Yesterday, America’s oldest bank, New York Mellon Corp. , said it has teamed up with another US-based financial giant Autopista to develop “a platform that supports the entire lifecycle of assets. digital assets ».

Goldman Sachs also began trading bitcoin futures with Digital Galaxy , while “increased customer interest” motivated Citigroup to enter the world of crypto as well .____

To find out more: – With banks turning to Bitcoin, is it finally time to expand banks? – Barclays Binance customers looking for alternative apps, banks and countries

– Billionaire rejects ETH, DOGE, claims XMR, ZEC, says his bank will accept BTC – Paxos, Protego and Anchorage face “regulatory volatility” in the United States

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