Wells Fargo And JPMorgan Both File For Passive Bitcoin Funds

Today, banking giants Wells Fargo and JPMorgan each filed for passive Bitcoin funds for his or her rich purchasers, Coindesk reported.

Though initially anticipated to be actively managed, each funds have been registered as passive. Notably, each banks are partnering with NYDIG on the choices. The new funds had no gross sales as of in the present day.

The information comes after earlier this month, when it was reported that high-net-worth purchasers of Wells Fargo have been granted Bitcoin publicity.

While in July, JPMorgan Asset & Wealth Management CEO Mary Callahan Erdoes mentioned the banking big’s rich purchasers see Bitcoin as an asset class and “want to invest.”

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