18.4 C
1 August 2021
Image default

JPMorgan will reportedly give retail wealth clients access to crypto funds

Major U.S. investment bank JPMorgan is reportedly allowing advisors to execute crypto trades for more of its clients.

According to a Thursday report from Business Insider, retail wealth clients at JPMorgan now have access to cryptocurrency funds. A person directly familiar with the bank’s move to digital investments said all JPMorgan clients seeking investment advice, including those managed by financial advisors, retail investors using the trading app, and clients serviced by the private bank, would be offered the opportunity to invest in crypto.

JPMorgan clients now reportedly have access to Grayscale Investments’ Bitcoin Trust (GBTC), Bitcoin Cash Trust (BCHG), Ethereum Trust (ETHE), and Ethereum Classic Trust (ETCG), as well as Osprey Funds’ over-the-counter Bitcoin Trust, OBTC. Investors can reportedly request advisors execute crypto trades, but the bank’s advisors may not be allowed to recommend crypto investments.

News Source

Related posts

Dogecoin Is ‘Not a Joke,’ Says OKEx CEO Jay Hao


Bitcoin at $5,000: What Has Changed Since 2017


New Crypto Derivatives Let You Bet on (or Against) Tether’s Solvency


Leave a Comment