JP Morgan offers retail crypto funds

Tuesday 27 July 2021 12:39 CET | News

JP Morgan has announced it will offer crypto funds to retail customers beyond the very wealthy. 

The banking giant told wealth-management advisors that they could receive trading orders for five funds invested in the asset class: four are offered by Grayscale Investments and one is available from Osprey Funds.

The funds give investors indirect exposure to Bitcoin, Bitcoin Cash, Ethereum, and Ethereum Classic. The investment vehicles are available to JP Morgan clients who use a variety of wealth-management products: self-directed customers that use the bank’s Chase trading app, mass-affluent JPMorgan Advisors users, and ultrarich private bank customers.

The bank is limiting trades to ‘unsolicited’ ones, meaning that advisors can only execute transactions at the client’s request. 

More: Link

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Keywords: JP Morgan, banks, cryptocurrency, retail
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3