4/26, 2:47 PM (Source: TeleTrader)
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JPMorgan to offer bitcoin fund - report

Multinational banking giant JPMorgan Chase & Co. will launch an actively managed bitcoin fund to some of its clients as early as this summer, Coindesk reported on Monday citing sources familiar with the matter.

NYDIG, a crypto-focused investment firm, will act as custody provider, another source told the outlet. The fund will reportedly be offered to private wealth clients.

The news comes after Morgan Stanley became the first big United States bank to roll out bitcoin funds to its wealthiest clients last month.

Breaking the News / MJ