Table of Contents

JPMorgan Chase agreed to play a vital role in BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) despite CEO Jamie Dimon’s vocal anti-crypto stance. 

JPMorgan Chase CEO Jamie Dimon has never been one to keep his disapproval of bitcoin and cryptocurrencies a secret. Despite the CEO’s opposition to digital assets, JPMorgan agreed to play a crucial role in BlackRock’s spot BTC ETF application. 

Jamie Dimon Would Abolish Crypto If He Could

Just weeks ago, Jamie Dimon told the US government to shut down the industry. At the December 6 hearing of the State Senate Banking Committee on oversight of Wall Street firms, Dimon said, “I’ve always been deeply opposed to crypto, bitcoin, etc.” According to the billionaire CEO, “The only true case for it is criminals,” and opined “, If I was the government, I’d close it down.” 

Dimon has made numerous statements dismissing bitcoin, urging people to “stay away” from cryptocurrencies, calling it a “fraud” in 2017. More recently, Dimon referred to crypto as “decentralised Ponzi schemes” and suggested regulators shift their focus away from traditional banks to the crypto industry. 

While Dimon continues to bash bitcoin, JPMorgan is investing more interest in the original crypto. On Friday, December 29, it was revealed that JPMorgan will play a significant role in BlackRock’s proposed BTC ETF. BlackRock amended its ETF application with the SEC

Go to Source to See Full Article
Author: Jana Serfontein

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details