{"id":10599,"date":"2021-08-06T14:54:16","date_gmt":"2021-08-06T14:54:16","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/jpmorgan-quietly-offers-6-crypto-investments-despite-ceo-jamie-dimons-anti-bitcoin-stance\/"},"modified":"2021-08-06T14:54:16","modified_gmt":"2021-08-06T14:54:16","slug":"jpmorgan-quietly-offers-6-crypto-investments-despite-ceo-jamie-dimons-anti-bitcoin-stance","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/jpmorgan-quietly-offers-6-crypto-investments-despite-ceo-jamie-dimons-anti-bitcoin-stance\/","title":{"rendered":"JPMorgan Quietly Offers 6 Crypto Investments Despite CEO Jamie Dimon\u2019s Anti-Bitcoin Stance"},"content":{"rendered":"<p><strong>Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies.<\/strong><\/p>\n<p>JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move.<br \/>\nOn Thursday, the bank\u2019s financial advisors were allowed to begin placing private bank clients into a new bitcoin fund created by crypto firm New York Digital Investment Group (NYDIG), a subsidiary of Stone Ridge, a $10 billion alternative asset manager.<br \/>\nThis fund is nearly identical to the one NYDIG offers Morgan Stanley\u2019s clients, the people said. Morgan Stanley <a href=\"https:\/\/news.bitcoin.com\/morgan-stanley-bitcoin-funds\/\">began<\/a> offering three crypto investment funds to clients early this year. They are Galaxy Bitcoin Fund LP, the Galaxy Institutional Bitcoin Fund LP, and FS NYDIG Select Fund.<br \/>\nLast month, JPMorgan began offering <a href=\"https:\/\/news.bitcoin.com\/jpmorgan-begins-offering-5-cryptocurrency-funds\/\">five cryptocurrency funds<\/a> to all clients. Four of the funds are Grayscale Investments\u2019 products: the Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, and Ethereum Classic Trust. The fifth fund is Osprey Funds\u2019 Bitcoin Trust.<\/p>\n<p><!-- growjs zone placement 31 -->   <!-- end of growjs zone placement --> <\/p>\n<p>According to CNBC, the sources speaking about the crypto investment offerings declined to be identified, each citing Jamie Dimon\u2019s anti-crypto stance.<br \/>\nThe CEO of JPMorgan Chase has been one of the most outspoken critics of bitcoin and cryptocurrencies. He called <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\">BTC<\/a> a fraud back in September 2017 but later <a href=\"https:\/\/news.bitcoin.com\/jp-morgan-jamie-dimon-regrets-his-bitcoin-is-a-fraud-statement\/\">regretted<\/a> making the statement.<br \/>\nAs JPMorgan was preparing to offer crypto investment to clients, CEO Dimon publicly advised people to \u201c<a href=\"https:\/\/news.bitcoin.com\/jpmorgan-jamie-dimon-personally-advises-stay-away-from-cryptocurrency\/\">stay away<\/a>\u201d from cryptocurrency. While stating that he did not care about bitcoin, the JPMorgan boss admitted that <a href=\"https:\/\/news.bitcoin.com\/jpmorgan-boss-jamie-dimon-i-dont-care-about-bitcoin-but-clients-are-interested\/\">clients are interested<\/a>.<br \/>\nIn July, the bank said that lots of clients see cryptocurrency as <a href=\"https:\/\/news.bitcoin.com\/jpmorgan-clients-cryptocurrency-asset-class-want-to-invest\/\">an asset class<\/a> and they want to invest in it.<\/p>\n<p><em><strong>What do you think about JPMorgan quietly offering clients bitcoin investment funds despite CEO Jamie Dimon advising people to stay away from cryptocurrency? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nFinance, Jamie Dimon, JP Morgan, jpmorgan, jpmorgan bitcoin, jpmorgan crypto, jpmorgan crypto investments, jpmorgan cryptocurrency, jpmorgan gbtc<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move. On Thursday,&hellip;<\/p>\n","protected":false},"author":0,"featured_media":10600,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10599"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10599"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10600"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}