On Thursday, July 22, Business Insider reported that JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services. This is for the first time that the U.S. bank is expanding its crypto services from just ultra-wealthy clients now to retail-wealthy clients as well!
In a memo published earlier this week on Monday, the bank said that its $630 billion wealth management division will start accepting buy and sell orders for five crypto funds. This includes the Grayscale Bitcoin Trust (GBTC), Osprey Funds’ Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, and Ethereum Classic Products.
From CEO Jamie Dimon calling Bitcoin a ‘fraud’ back in 2017, to now offer crypto funds to clients, JPMorgan has come a long way. Traditional banking giants are obviously seeing a major shift in the global financial space with cryptocurrencies emerging as a popular asset class.
Not just JPMorgan but even America’s oldest bank BNY Mellon is also working on offering crypto trading s
Źródło: https://coingape.com/jpmorgan-becomes-first-us-bank-to-offer-crypto-funds-to-retail-wealth-clients/
