Does JPMorgan have a bitcoin ETF bid before the SEC?
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?