CoinDesk, citing its own sources, reports that the largest US bank JPMorgan is preparing to launch an actively managed bitcoin investment fund.
According to sources of the publication, the launch of a new investment product will take place this summer. The NYDIG platform will act as a custodian, and large clients of the bank will have access to the product. In addition, the fund will be actively managed, unlike the products offered by Galaxy Digital and Pantera Capital.
However, representatives from JPMorgan and NYDIG declined to comment. Interestingly, the bank’s CEO, James Dimon, called the first cryptocurrency a “scam” back in 2017. And although his attitude towards Bitcoin has softened since then, Daimon is still difficult to call a cryptocurrency enthusiast.
In early April, the JPMorgan CEO issued a statement urging regulators to strengthen oversight of cryptocurrencies and new financial technologies, as they can pose a serious threat to the functioning of the banking sector.
Recall that earlier another major American investment bank, Goldman Sachs, announced its readiness to launch cryptocurrency financial products.
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