The largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of Bitcoin ETFs. United States-based financial company JPMorgan Chase has disclosed investments in Bitcoin exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity. In a May 10 filing with the U.S.…
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Key Points: JPMorgan believes that the Bitcoin price retreat will continue as long as the risks persist. Outflows from 10-spot Bitcoin ETFs have reached a peak since their inception. Despite recent record highs, retail trader enthusiasm for Bitcoin appears to be waning. Bitcoin, the world’s largest cryptocurrency, has seen a significant pullback, declining over 10%…
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JPMorgan begs CNBC to stop talking about “pet rock” BTC despite financial heavyweights seeing billions of dollars in spot Bitcoin ETF inflows. Bitcoin BTC tumbled to intraday lows preceding the Jan. 17 Money Road open as the World Monetary Discussion (WEF) offered new standard analysis. Dimon: Bitcoin is a “pet rock” Information from Cointelegraph…
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JPMorgan, frequently viewed as a monetary prophet, has made a few strong forecasts that created a ruckus in the crypto world. As opposed to prevalent thinking that Bitcoin will keep on ruling the market, the financial monster proposes that Ethereum will arise as the headliner in 2024. In any case, regardless of the apparently hopeful…
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Central issues: JPMorgan’s examination demonstrates the new crypto market rectification and liquidations might have finished up, proposing restricted disadvantage in the close to term. JPMorgan specialists noticed the fruition of loosening up lengthy positions, a critical sign of market security. Late sure news drove long positions, however their blurring set off liquidations. JPMorgan have eased…
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Key Points: JPMorgan Chase was penalized by the Securities and Exchange Commission for accidentally deleting 47 million emails. The majority of the business records that the bank is required by SEC regulations to keep for at least three years are contained in the emails. Additionally, JPMorgan did not deny or admit any wrongdoing, pointing out…
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In brief of silvergate Collapse According to JPMorgan researchers, banking partners are becoming scarce for crypto companies. This comes after Silvergate’s demise and the reduction in crypto exposure caused by Signature Bank. Falling bond yields and increased scrutiny of risk management procedures are two threats facing banks that are less powerful than Wall Street giants…
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