Cryptocurrency Q&A
Does JPMorgan have a bitcoin ETF bid before the SEC?
Does JPMorgan have a bitcoin ETF bid before the SEC?
BusanBeauty
Wed Jul 10 2024
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7 answers
1983
Could you elaborate on the rumors surrounding JPMorgan's potential bid for a bitcoin ETF before the Securities and Exchange Commission (SEC)? Specifically, is there any concrete evidence or indications that JPMorgan has submitted an application for such a product? Are there any regulatory obstacles that could potentially hinder such a move? Additionally, how does the market perceive the potential of a JPMorgan-backed bitcoin ETF and what impact could it have on the cryptocurrency landscape?
7 answers
QuasarGlider
Fri Jul 12 2024
JPMorgan does not currently have a bitcoin exchange-traded fund (ETF) proposal pending before the Securities and Exchange Commission (SEC).
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CryptoAlchemist
Thu Jul 11 2024
Grayscale is owned by the Digital Currency Group, a leading company in the digital asset space.
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InfinityEcho
Thu Jul 11 2024
However, there are nearly a dozen other firms that have submitted ETF bids, including Grayscale.
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GyeongjuGrace
Thu Jul 11 2024
CoinDesk, a prominent news source for digital currencies and blockchain technology, is also a subsidiary of the Digital Currency Group.
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AmethystEcho
Thu Jul 11 2024
The relationship between Grayscale and CoinDesk suggests a strong alignment between news coverage and investment products in the cryptocurrency market.
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