JPMorgan banking giant open Some bitcoin exposure in the last 13F file.
Exposure is estimated at approximately $ 500,000, but it can still be considered a positive development for Bitcoin’s institutional adoption in view of the CEO of Jimmy Damian CEO towards Bitcoin.
As mentioned by U.today, Damon He said He did not feel “great” about the leading cryptocurrency during his interview in January with CBC. The banking president pointed to some illegal use cases associated with the leading cryptocurrency, including money laundering.
Although Damon is still a strong critic of Bitcoin, his speech continues to reduce over the past few years. In 2017, Bitcoin was called “a fraud” while he also claims to shoot anyone daring to circulate.
Dimon has repeatedly drew between Bitcoin and cigarettes: While he himself does not agree to encrypted currencies, he does not believe that bank customers must be prevented from buying them since then since then They are adults.
Once again in 2021, the bank has accessed many cryptocurrencies. This was seen as great support for the industry.
JPMorgan initially revealed ETF Spot last May.
The bank works as an accredited participant for many ETF exporters, which means it helps issues related to the creation and recovery of shares.
As U.Today said, Goldman Sachs revealed that she had $ 2.3 billion in Bitcoin exposure.
