Dec 09, · Increased appetite from institutional investors for bitcoin is set to boost inflows to funds that give traders exposure to the red-hot cryptocurrency — to the detriment of gold, according to. Dec 10, · JP Morgan chase acknowledged that although Bitcoin accounts for % of assets held by the world’s elite that include their family offices, compared with % for gold ETFs, which gave further insights that only a small reallocation from gold to Bitcoin Author: Olumide Adesina. May 12, · America’s biggest financial firm is changing its tune on bitcoin. Originally reported by WSJ, JPMorgan will begin offering bank accounts to Gemini and Coinbase cryptocurrency exchanges.
Jp morgan trading bitcoinJP Morgan Says Decline in Crypto Fund Inflows Can Trigger Next Bitcoin (BTC) Correction -
Dimon has called the digital currency a "fraud" and on multiple occasions hinted that he believes it is a bubble that will crash. The outspoken CEO does believe the technology backing bitcoin, blockchain, is valid and the bank is experimenting with uses of that code. However, given his past comments on the digital currency specifically, it's surprising JPMorgan would be moving forward with plans to allow clients to trade in it through the bank.
The digital currency is up more than percent so far this year. Read the full Wall Street Journal report here. Skip Navigation. Markets Pre-Markets U. Key Points. S Securities and Exchange Commission. Securities and Exchange Commission. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC. Ripple and its top executives were accused by the U. Whale alert! Bitcoin is up 1. This makes it very easy for anyone to see the transactions and balances of any BTC address.
Grayscale added more than 10, Bitcoin to its crypto holding, bringing the total number of Bitcoins under its management to , Per Sonnenshein , the current Bitcoin bull market is different from the bull run. Get the scoops and market intelligence that can help you make better investment decisions right in your mailbox.
Connect with us. Share Tweet. Olumide Adesina. Click to comment. Leave a Reply Cancel reply Your email address will not be published. Comment Name Email Website. Published 8 hours ago on December 25, By Olumide Adesina. Continue Reading. Data retrieved from crypto futures analytic platform, Bybt , shows Grayscale had , Bitcoins as of December 21st, The amount surged to , BTCs a day later, an increase of about 12,