JPMorgan and Wells Fargo, in addition to being two of the largest banks in the United States, have also been active in the world of cryptocurrencies, investing in Bitcoin through spot ETFs.
In a recent filing, JPMorgan, which is also one of the oldest banks in the world, revealed a significant stake of almost $1 million in Bitcoin, the market's leading cryptocurrency.
JPMorgan revealed that it has investments in the spot Bitcoin exchange-traded funds of Grayscale Investments, BlackRock, Fidelity, ProShares and Bitwise.
Although the amount of your holdings in these cryptocurrency investment funds may seem small, especially when compared to the assets managed by the bank, which exceed $2 trillion, your investment in Bitcoin ETFs represents a big step. , taking into account the rejection that its CEO, Jamie Dimon, maintains towards this crypto asset.
In the past, Dimon has said that Bitcoin is a fraud and has no utility or future. However, despite his strong criticism, he has also stated that investors have great interest in the cryptocurrency, which is why to date he has launched several products that offer access to this digital asset and has also become one of authorized participants of Bitcoin ETFs listed on US exchanges.
For its part, Wells Fargo, considered the third largest bank in the United States by capitalization, also revealed its exposure to Bitcoin through spot ETFs. In one presentation Before the Securities and Exchange Commission, the bank said it owns stakes in the Grayscale Investments and ProShares exchange-traded funds.
According to this presentation, Wells Fargo has invested almost $150.000 in Bitcoin.
The Rothschild family also invested in Bitcoin ETFs
The Rothschilds, one of the most prominent and prominent families in the world of finance and investments, also revealed that they have jumped on the Bitcoin ETF bandwagon, informing the SEC that they own more than $4 million in the leading cryptocurrency. .
The family currently has stakes in the listed funds of BlackRock and Grayscale Investment, according to the Valid identity document of presentation.
Bitcoin spot ETFs, which were approved in the United States on January 10 and later in Hong Kong on April 30, constitute a regulated access route to the main and most capitalized cryptocurrency on the market. Through these listed investment instruments, which maintain a total reserve of more than 827.400 BTC, investors can invest in Bitcoin and gain direct exposure to its price in the crypto market.
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