Cryptocurrency Q&A
Is JPMorgan part of Blackrock's bitcoin ETF?
Is JPMorgan part of Blackrock's bitcoin ETF?
SamuraiWarrior
Sat Jul 06 2024
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6 answers
1056
Could you please clarify the relationship between JPMorgan and BlackRock's bitcoin ETF? Is JPMorgan directly involved in the management or issuance of this ETF? Are they investors, advisors, or do they have any other form of partnership? I'm particularly interested in understanding the level of involvement JPMorgan has in this emerging crypto asset class and whether their financial influence or expertise is being Leveraged in this ETF. Additionally, are there any potential conflicts of interest that could arise from this relationship, and how are they being managed? Thank you for clarifying this important matter.
6 answers
Tommaso
Mon Jul 08 2024
Crypto enthusiasts, such as Silver Zimmermann, have raised concerns over the hypocrisy of such a move.
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CryptoGladiatorGuard
Mon Jul 08 2024
Zimmermann, speaking on the X platform, expressed his dismay by stating, "Perhaps money laundering, tax evasion, criminal participation, and drug trafficking is their business as well."
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Martina
Mon Jul 08 2024
This sentiment reflects the widespread distrust among crypto enthusiasts towards traditional financial institutions entering the crypto space.
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TaegeukChampionCourageousHeart
Mon Jul 08 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
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DigitalLegend
Mon Jul 08 2024
The crypto community has swiftly identified the apparent contradiction in JPMorgan's role as an authorized participant in BlackRock's spot Bitcoin ETF.
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