Stocks of Bitcoin: JPMorgan offers BTC exposure, an ETF in sheep’s clothing
JP Morgan bunched proxy crypto stocks to give skeptical investors exposure to the crypto economy. Go to Source Powered by WPeMatico
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Crypto platform FalconX raises $50M on the back of institutional adoption
Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX. Go to Source Powered by WPeMatico
JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure
JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined based in part on exposure to bitcoin, correlation to bitcoin and liquidity,” according to the company’s filing with the U.S. … Read more
JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square
The financial services giant has filed paperwork with the SEC to launch a debt instrument linked to 11 crypto-focused firms. Go to Source Powered by WPeMatico
JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge
After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to … Read more
JPMorgan report endorses 1% allocation to Bitcoin as a hedge
Bitcoin would serve as a hedge against fluctuations in traditional assets. Go to Source Powered by WPeMatico
Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO
A perfect storm consisting of COVID-19, supply shortages and surging crypto prices has resulted in the best financial quarter in Nvidia’s history, as the stock hits all-time highs. Go to Source Powered by WPeMatico
State Bank of India joins JPMorgan’s blockchain payments network
A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network Liink. Go to Source Powered by WPeMatico
You’ve got the power? Legacy banks aim high with new crypto offerings
Is the crypto custody market becoming too big for established banks to ignore? Go to Source Powered by WPeMatico
Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. Go to Source Powered by WPeMatico
