J.P. Morgan Pitches Bitcoin Fund to Wealth Clients
Once the most vocal bitcoin basher, J.P. Morgan is now reportedly pitching funds invested in the cryptocurrency to its private banking clients.
J.P. Morgan is offering to its private banking clients a passively managed fund in partnership with bitcoin-focused institutional-grade platform NYDIG, according to a report by «Coindesk» citing unnamed sources.
This fund will be positioned as the safest and cheapest bitcoin investment vehicle available on the private markets.
Thus far, no clients have made any investments but a call was recently held with advisors.
