While the recent increasing optimism that the spot Bitcoin ETF will be approved has led to nice increases in BTC and altcoins, a new claim has been made about ETFs.
At this point, Nate Geraci, host of the ETF Prime podcast and president of The ETF Store, an independent investment advisory firm specializing in ETFs, said that JPMorgan could surprise the market by applying to the US SEC to launch a spot Bitcoin ETF.
Nate Geraci, sharing from the
“I would bet that JP Morgan would also launch a spot Bitcoin ETF or otherwise make it easier for asset management clients to invest in Bitcoin.
Remember, JP Morgan didn't launch its first ETF until 2014, considering the first ETF was launched 21 years ago.
You could say they are deeply opposed to highly disruptive ETFs. But investors gradually turned to ETFs, and JPMorgan followed suit.”
JP Morgan CEO Jamie Dimon, who attracted attention with his criticism of Bitcoin (BTC) and cryptocurrencies, continued his negative rhetoric in his speech yesterday. Dimon pointed out that BTC and cryptocurrencies should be banned and said, “If I were the government, I would close them.”
*This is not investment advice.