JPMorgan to Let Clients Invest in Bitcoin Fund for First Time: Sources

“JPMorgan Chase is preparing to offer an actively managed bitcoin (BTC, +3.41%) fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. mega-bank to embrace crypto as an asset class.

The JPMorgan bitcoin fund could roll out as soon as this summer, two sources familiar with the matter told CoinDesk. Institutional bitcoin shop NYDIG will serve as JPMorgan’s custody provider, a third source said.”