Reserve

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Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jpmorgan-holds-bitcoin-etfs-despite-ceos-disapproval/" data-wpel-link="internal" rel="noopener noreferrer nofollow">JPMorgan Holds Bitcoin ETFs Despite CEO’s Disapproval</a><br></p>
<p style="text-align: justify">At this hour, the only news that could revive <a href="https://en.coin-turk.com/bitcoin-futures-open-interest-in-us-dollars-hits-26-month-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price would be the Federal Reserve Chairman announcing a 50 basis point rate cut at the first meeting. However, even if it doesn’t affect the price immediately, such news is crucial for long-term outlooks. Recently, important details were published for <strong>JPMorgan</strong>. But what does this mean?</p>
<h2 style="text-align: justify" id="the-world-s-largest-bank-and-btc">The World’s Largest Bank and BTC</h2>
<p style="text-align: justify">America’s largest bank, JPMORGAN CHASE &amp; CO, is also the largest in the world by market value. According to a recently published report, the bank holds assets in various Spot Bitcoin ETFs. CEO <strong>Jamie Dimon</strong> may dislike cryptocurrencies, but his clients do not share his view. We had mentioned that the May 13F filings would help us understand which <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">companies</a> hold BTC ETFs.</p>
<p style="text-align: justify">While some <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">investment</a> firms hold assets worth hundreds of millions of dollars, JPMorgan holds a more modest amount of ETF assets.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-350133 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/jpmorgan-btc-2.png" alt="" width="650" height="185"></p>
<p style="text-align: justify">Of course, the most significant holder is BlackRock’s spot Bitcoin ETF, IBIT. Perhaps the trigger for a price increase in Bitcoin could be the revelation in the 13F filings that major companies hold billions of dollars in BTC reserves? Comparisons of volume and transaction numbers often suggest that individual <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">investors</a> dominate the ETF channel, according to experts.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/jpmorgan-holds-bitcoin-etfs-despite-ceos-disapproval/" data-wpel-link="internal" rel="noopener noreferrer nofollow">JPMorgan Holds Bitcoin ETFs Despite CEO’s Disapproval</a></h5>

JPMorgan Holds Bitcoin ETFs Despite CEO’s Disapproval

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