JP Morgan Prepares To Offer A Managed Bitcoin Fund

JPMorgan Chase is reportedly preparing to offer an actively managed bitcoin fund to its private wealth clients this year with NYDIG serving as its custody provider.

The bank did not comment on the story, first broken by CoinDesk this morning, so details are still under wraps, but the announcement has caused many to scratch their heads about how the fund would work and what about it would be “active”. JPMorgan also declined to comment for this story.

Typically, a fund manager or management team makes decisions about how to invest an actively managed investment fund’s money and there are usually other assets in the fund to help them rebalance the portfolio as needed.

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