JPMorgan and NYDIG Launched Bitcoin fund for Wealthy Clients
Financial holding JPMorgan, together with NYDIG, offered their wealthy clients an access to a passively managed Bitcoin fund.
According to CoinDesk, citing knowledgeable sources, the structure has not yet managed to attract any investment. JPMorgan declined to comment on any information.
The fund will be presented to clients as the safest and cheapest Bitcoin investing instrument available on private markets, sources said.
CoinDesk also highlighted that the structure could be converted to a Bitcoin ETF in the future if it gets SEC’s approval.
Earlier, the American investment company JPMorgan, the main Singapore bank DBS and the state investment company Temasek announced the joint creation of a new blockchain project. It will be an interbank cross-chain digital asset payments platform called Partior.