Recent reports reveal that JPMorgan, the largest bank in the United States, has disclosed its ownership of Bitcoin Spot ETF shares.
According to documents filed with the SEC, JPMorgan, America’s top bank, holds around $1 million worth of Bitcoin Spot ETF shares.
This revelation is noteworthy considering the bank’s CEO, Jamie Dimon, has previously voiced strong opposition to Bitcoin. Dimon has criticized Bitcoin, labeling it as a ”ponzi scheme” and ”a scam with no future as a currency.” He consistently advised investors to steer clear of the volatile digital asset.
However, this latest disclosure indicates a disparity between Dimon’s personal views and the bank’s investment decisions. JPMorgan Chase, in contrast to Dimon’s public stance on cryptocurrency, is an authorized participant in Blackrock’s Bitcoin Spot ETF.
Featured image from: en.bitcoinsistemi.com