United States-based financial company JPMorgan Chase has disclosed investments in Bitcoin (BTC) exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity.
In a May 10 filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan Chase reported it held roughly $760,000 worth of shares of the ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC) and the Bitwise Bitcoin ETF. In addition, the bank reported 25,021 shares worth roughly $47,000 in Bitcoin Depot, a crypto ATM provider.
The SEC filing came the same day as Wells Fargo reported exposure to Grayscale and ProShares Bitcoin ETFs in its holdings and Bitcoin Depot. Susquehanna International Group reported on May 7 that it purchased more than $1 billion worth of shares of the spot crypto ETFs in the first quarter of 2024.
Related: JPMorgan debuts tokenization platform, BlackRock among key clients: Report
JPMorgan Chase is the largest bank in the U.S. by assets, controlling roughly $2.6 trillion. The SEC added that observers should not assume that the information provided by the financial firm was “accurate and complete.”
The SEC approved the listing and trading of spot Bitcoin ETFs on U.S. exchanges in January. Many experts expect the commission to decide on spot Ether (ETH) exchange-traded funds by May 23, when an application from asset manager VanEck reaches its final deadline.
Magazine: What do crypto market makers actually do? Liquidity, or manipulation
This article was originally published by a cointelegraph.com . Read the Original article here. .
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. BitcoinNews.best does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
