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JPMorgan boss says bank users can soon buy Bitcoin

Coin Telegraph LogoCoin Telegraph16h ago

JPMorgan boss says bank users can soon buy Bitcoin - Coin Telegraph

Quick Summary:

Spot Bitcoin ETFs in the US have seen significant adoption, with almost $42 billion in total aggregate inflows since they launched in January 2024. Dimon’s Bitcoin bashing historyDimon has long been skeptical of Bitcoin, labeling it a scam that he had no interest in buying in 2018 and calling it “worthless” during the 2021 crypto bull market.“I’ve always been deeply opposed to crypto, Bitcoin, etc.,” he said during a Senate Banking Committee hearing in 2023.“The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.”“If I were the government, I’d close it down,” he said.

Source: Michael SaylorJPMorgan will offer clients access to Bitcoin (BTC) exchange-traded funds (ETFs), CNBC reported, citing sources familiar with the situation.

Related: Morgan Stanley advisers can officially pitch Bitcoin ETFsJPMorgan rival Morgan Stanley has also moved to offer spot Bitcoin ETFs to qualifying clients.

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Article Details

Author / Journalist: Cointelegraph by Martin Young

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 02:55:03 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28864410

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 38 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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