JP Morgan unviels access to latest cryptofund
America’s largest Investment bank JP Morgan Chase has allegedly provided access to six crypto for its wealthy clients.
According to undisclosed sources, JP Morgan Chase now offers opportunity for crypto exposure to its wealth management clients from GreyScale, Osprey Fund, and now NYDIG! In total, the bank is offering access to six crypto funds to it’s private clients.
Previously, JP Morgan Chase was offering access to Greyscale Bitcoin Trust, Bitcoin Cash Trust,
Ethereum Trust, Ethereum Classic Trust, and Osprey Bitcoin Trust. Now, clients will have access to the latest Bitcoin Fund that has been created by crypto investment firm New York Digital Investment NYDIG.
The move by JP Morgan is indicative of the fact that Wall Street’s resistance to crypt is gradually fading. Afterall, the big Wallstreet names and rivals of JP Morgan Chase like Morgan Stanley, and GoldMan Sachs have skin in the game, while many smaller banks are lining-up to do the same.
If you want to invest in cryptos, start by investing a small amount of your savings. Do not risk the money that you cannot afford to lose. Follow active or passive trading strategies based on your time and expertise!