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October 3, 2022
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JP Morgan offers J.P. Morgan Cryptocurrency Exposure Basket, a cryptocurrency investment basket –

JP Morgan has a surprise for investors. It introduces to its offer structured bonds related to “J.P. Morgan Cryptocurrency Exposure Basket ”. It is an investment basket consisting of 11 shares of companies listed on the US stock exchange that the bank believes are directly or indirectly related to cryptocurrency assets.

J.P. Morgan Cryptocurrency Exposure Basket

According to a new application to the US Securities and Exchange Commission (SEC), included companies have exposure to cryptocurrencies via “Bitcoin resources, products [opartych na] cryptocurrency technology, cryptocurrency mining products, digital payments or Bitcoin trading. “

It is known that, for example, 20 percent. the basket is MicroStrategy shares, 18 percent. Square shares, 15 percent. – Riot Blockchain shares, another 15% – securities of NVIDIA Corporation. Added to this is 10 percent. the value covered by PayPal’s shares.

JP Morgan also invested in the Intercontinental Exchange, CME Group, Overstock.com, Silvergate Capital, as well as in the American depository interest in Taiwan Semiconductor Manufacturing Company Limited.

Source: SEC

JP Morgan in the cryptocurrency market

It is worth noting that JP Morgan has been very active in the cryptocurrency market for some time.

Back in 2017, the bank’s CEO, Jamie Dimon, argued that BTC is only bought by fools. He added that he would be happy to dismiss any employee who would invest in cryptocurrencies (interestingly, his daughter did it during this period).

But then everything changed. For example, the bank started working on JPCoin, its own stablecoin.

A few days ago, a message appeared on the network that JP Morgan reportedly presented his richest clients with a report on the cryptocurrency market. Document reached by the portal CoinDesk, presents three different indicators to help you calculate the true value of Bitcoin. The bank’s analysts said BTC could reach a price of USD 1.9 million. We wrote about it in more detail here.

In February, it was reported that both JP Morgan and Goldman Sachs increased their exposure to Polkadot ETP (a stock exchange product) by 21Shares, which is listed on the Swiss stock exchange under the name ADOT: SW.

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