Bitcoin ETF

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
JPMorgan Chase, the largest US bank, has disclosed Bitcoin exchange-traded fund holdings in a recent&nbsp;<a href="https://twitter.com/PhoenixTrades_/status/1789018590206669258" rel="noopener noreferrer nofollow">filing</a>.&nbsp;
Even though its cumulative Bitcoin ETF holdings are currently limited to a meager $1.2 million, this is yet another sign of growing Bitcoin acceptance.&nbsp;
BlackRock's Robert Mitchnick recently revealed that major financial institutions, such as pension funds, were preparing to dip their toes into Bitcoin ETFs. Mitchnick dismissed the significance of the recent slowdown in inflows since the financial giant continues to see strong demand for Bitcoin exposure.&nbsp;
As <a href="https://u.today/the-rothschilds-hold-42-million-in-bitcoin-via-etfs" rel="noopener noreferrer nofollow">reported by U.Today</a>, Edmond de Rothschild (Suisse) S.A. now also holds $4.2 million worth of shares of Bitcoin ETFs.&nbsp;
Wells Fargo, another major US bank, also disclosed Bitcoin ETF holdings in a regulatory filing earlier today. &nbsp;
<h2 id="jamie-dimon-remains-a-bitcoin-critic">Jamie Dimon remains a Bitcoin critic &nbsp;</h2>
In the meantime, JPMorgan CEO Jamie Dimon remains a staunch Bitcoin critic. In December, he suggested that the U.S. government should go as far as shutting down the largest cryptocurrency. Recently, he&nbsp;<a href="https://u.today/jpmorgan-issues-bitcoin-warning" rel="noopener noreferrer nofollow">slammed</a> the flagship cryptocurrency as a "Ponzi scheme."
In 2021, JPMorgan launched a passively managed Bitcoin fund for its wealth clients.&nbsp;&nbsp;
Last year, the mega-bank was named among the authorized participants for BlackRock's record-shattering Bitcoin ETF.&nbsp;
<h2 id="another-day-of-outflows">Another day of outflows&nbsp;</h2>
On Thursday, Bitcoin ETFs recorded mixed flows. Grayscale's GBTC saw substantial outflows of more than $43 million. BlackRock's relatively modest inflows of $14.2 million did not offset them.&nbsp;
Despite the negative ETF data, Bitcoin still managed to rebound to the $63,000 level before plunging lower.&nbsp;

JPMorgan Discloses Bitcoin ETF Holdings

목차

U_Today

2024년 5월 10일에 게재된 다른 기사

Grayscale Bitcoin Trust Experiences Fluctuating Investment Trends

Ripple CTO’s Early Bet on Ethereum Unveiled Amidst Ripple-Cardano Controversy

Crypto Nonprofit Launches New PAC To Support Industry-Friendly US Congress Candidates

카지노사이트 바카라사이트 [BEST 10], 2024년 최신순위!

Analyst Says Dogecoin(DOGE) Is a 'Crapshoot,' Could These 3 Meme Coins Have Higher Returns?

New Genesys Report Finds Strong Interest in AI Across Generations

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!