JP Morgan Announces Launch of Bitcoin Fund

April 26, 2021

April 26, 2021 – Big news arrived from CoinDesk this morning regarding JP Morgan’s preparation to launch its first actively managed Bitcoin fund for its private wealth clients by this summer.

Why is this important?

1) JP Morgan’s CEO, Jamie Dimon, had previously declared his disinterest in cryptocurrencies due to them being a “dangerous fraud” back in 2017. A few years have gone by and now, in 2021, JP Morgan is moving towards embracing cryptocurrencies.

2) This is not the first exposure to crypto-related public companies that JP Morgan clients have seen. Last month in March, JP Morgan filed a prospectus to enable investors to receive exposure to companies such as Square and MicroStrategy through a structured note, a debt instrument which was tied to the performance of Bitcoin, according to CoinDesk.

3) This one is different because it will be the first Bitcoin product offered to clients with direct exposure to the cryptocurrency.

JP Morgan is not the first Financial Firm that has been embracing digital currencies. PayPal and Mastercard have already taken those first steps.

Other institutions have also been moving towards embracing the cryptocurrency revolution. Goldman Sachs shared plans of being close to offering bitcoin and other digital assets to their wealth management clients late March this year while earlier in March, Morgan Stanley became the first U.S. Bank to offer access to bitcoin funds.

As the volatility of the asset decreases over time, Wall Street giants such as JP Morgan continue to show increasing interest, including deploying their own blockchain and stablecoins.

By Jenell McLaughlin

Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at info@sarsonfunds.com

Facebook Tweet Email

Follow Sarson Funds

Helium Mobile: Transforming Telecoms Through Innovation

April 18, 2024

Casper Network: A Deep Dive into Its Modular Architecture

Exploring the Future of Finance with Casper Network

April 11, 2024

Casper Network: A Deep Dive into Its Modular Architecture

April 11, 2024

Our Take on What Crypto to Invest in 2024

April 10, 2024

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

More From Sarson Funds

Helium Mobile: Transforming Telecoms Through Innovation

Over the past 18 months, Helium has embarked on a transformative journey, achieving significant milestones and solidifying its position as

Exploring the Future of Finance with Casper Network

“We believe that this technology is going to enable exchange of economic value with ease and capabilities that currently

Casper Network: A Deep Dive into Its Modular Architecture

Casper Network, a leading smart contracting platform, is garnering attention for its innovative modular architecture, which forms the backbone of

Our Take on What Crypto to Invest in 2024

Embarking on the journey of crypto investment in 2024 opens doors to a dynamic landscape of possibilities. From established assets

Search for a Topic

Categories

Company

Investing

Initiatives

Support

Resources

Past performance does not indicate future performance. There is no guarantee given or implied by any products discussed by Sarson Funds or any of its investment sponsors. If you follow these strategies you may lose money. No bank guarantees. Not FDIC insured.

Sarson Funds, Inc is third party marketing company and does not manage assets or provide investment advice. All investment products advertised by or referred to by Sarson Funds are property of their respective owners and are offered under Regulation D by their respective issuers. Unless specifically stated otherwise, all investments are available to accredited and qualified investors only. All prospective clients must satisfactorily complete investor eligibility and anti-money laundering screening before being referred to any investment sponsor. The official terms and objectives of any strategy mentioned by Sarson Funds can only be conveyed through each fund’s specific offering documents, including but not limited to its private placement memorandum, limited partnership agreement and subscription agreement and if applicable, the Options Disclosure Document available below. These documents must be read thoroughly prior to investing. Learn More

It should not be assumed that information displayed online accurately reflects the current portfolio positioning or investment strategy of any portfolio that any investment sponsor currently manages or managed. Details as to specific investment strategies can only be conveyed through each fund’s specific offering documents. Any historical returns, expected returns, or projections may not reflect actual future performance.