As one of the world’s oldest, largest, and most well-known financial companies, J.P. Morgan launched a new Bitcoin fund.
It is a passively managed fund created in partnership with NYDIG, a renowned technology, and finance company focused on Bitcoin, according to an article reproduced by CoinDesk.
JPMorgan has always said that it aims to provide its clients with the safest and most cost-effective way to invest in Bitcoins, which is why it launched the fund mentioned above this week.
Because, as you may know, CEO Jamie Dimon is not a fan of cryptocurrencies, particularly Bitcoin, one of the world’s oldest financial organizations favored what consumers wanted in this situation.
Jamie Dimon recently spoke on Bitcoin in May, telling the Wall Street Journal that he was not a backer of Bitcoin and hence did not care, but that there were clients interested in this class of assets.