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Jpmorgan Ceo Jamie Dimon He said the creditor Wall Street plans to offer bitcoins (BTC) to your customers in a sharp shift from its historical attitude to digital asset.
During the day of investors, JPMorgan Dimon reiterated that he was not a “Bitcoin fan”, but acknowledged that clients would continue to demand access to it.
He said:
“I don’t think you should smoke, but I give your right to smoke. Having your right to buy bitcoins.”
He also explained that the bank did not plan to offer services in custody.
Dimon keeps skepticism
Dimon’s criticism of the crypt is in line with past notes. In the January interview he called Bitcoin “worthless”. He tied her to crime and repeated concerns in his testimony of the Senate of 2023, in which he defended completely shutdown of industry.
On the World Economic Forum 2024 in Davos, he Bitcoin described as “home rock” While in April of the same year, Dimon He called the crypto “Ponzi scheme”.
In his notes of May 19, he also said that “Blockchain doesn’t matter as much” as people think. JPMorgan, however, continued to build an infrastructure around blockchain technology for institutional use.
At the beginning of this month, KinExys completed a test transaction that bridged its private network into a public-1 blockchain layer using tokenized short-term treasury assets and real-time settlement protocols. This pilot was attended by Chainlink and Ondo Finance.
In addition, Kinexys processes over $ 2 billion a day and plans to increase dollars-euro settlement using JPM Coin, proprietary token JPMORGAN.
JPMORGAN increases the exposition of crypto
In the middle of the Bitcoins offer, JPMORGAN’S 13f submission With the US Securities and Stock Exchange Commission (SEC) in the first quarter of 2025, the dramatic increase in crypto showed through the funds traded on the stock exchange (ETF).
As of March 31, the company announced $ 16.3 million in cryptological share 1 million $ at the end of 2024. The exposition of the creditor’s crypt is primarily through Bitcoins and Ethereum-Stop tools.
As of March 31, JPMorgan held just over 263,000 shares Blackrock’s ISHares Bitcoin Trust (Go) and approximately 3000 shares Bitwise’s Spot Bitcoin ETF (Bit).
The creditor also held the shares Spandy Bitcoin Trust (GBTC) and mini trust ETF, Fidelity Wise Origin Bitcoin Fund (FBTC) and new assignment to bit and Franklin Templeton Ethereum products.
Crypto related to the company’s possession are just a slight fraction $ 4.4 trillion in charge of asset management At the end of the first quarter.
It is not clear how much portfolio reflects the proprietary location versus facilitating the demand of clients. The bank has previously explained that the possession of some ETF allocations could be part of its market services.
