Crypto NewsBitcoinBREAKING: JPMorgan, Largest Bank in the US, Announces It Owns Bitcoin Spot...

BREAKING: JPMorgan, Largest Bank in the US, Announces It Owns Bitcoin Spot ETF Holdings

According to breaking information, JPMorgan, the largest bank in the USA, reported that it owns shares of Bitcoin Spot ETF.

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JPMorgan, the largest US bank, owns approximately $1 million worth of Bitcoin Spot ETF shares, according to a filing with the SEC.

This statement comes despite the bank's CEO Jamie Dimon having previously expressed strong anti-Bitcoin views.

Dimon has expressed skepticism towards Bitcoin, going so far as to call it a “ponzi scheme” and “a scam with no future as a currency.” He has consistently advised investors to stay away from the volatile digital asset.

However, the latest statement shows a divergence between the CEO's personal views and the bank's investment strategies. JPMorgan Chase is an authorized participant in Blackrock's spot Bitcoin ETF, a stark contrast to Dimon's public stance on cryptocurrency.

*This is not investment advice.



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