JPMorgan May Offer Bitcoin Funds To Private Clients

JPMorgan may offer Bitcoin funds to their private clients. The bank plans to implement the plan by this summer.

After Goldman Sachs, it was announced that JPMorgan was also planning to offer Bitcoin mutual fund service for its high-wealth private clients. According to reports, the bank aims to provide some of its private clients with an actively managed Bitcoin fund service by this summer. According to Coindesk's report, alternative asset management company NYDIG will be the secure crypto supplier to JPMorgan. It was also noted in the news that the fund will be opened to high-wealth private customers. CNBC also reported in a report published in late March that Goldman Sachs was close to offering its customers the first investment vehicle for Bitcoin and other digital assets. According to the report, the bank aims to serve its customers in a comprehensive asset spectrum, including Bitcoin and other digital assets, by offering investment services in the developing asset class in the second quarter. Seeing the promotion rating of Mary Rich, who was appointed as the global managing director of digital assets in Goldman Sachs' private asset management division, CNBC said that banks such as Goldman and Morgan Stanley meant that their customers will have access to the recently emerging asset classes.     This article has contributions of Bloomberg HT.