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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3630 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Thursday, August 05, 2021 - 9:08 am:    JPMorgan Launches In-House Bitcoin Fund for Wealthy Clients 1. The mega-bank has started pitching Private Bank clients on a passive bitcoin fund in partnership with NYDIG. 2. JPMorgan Chase began pitching its Private Bank clients on an in-house bitcoin fund for the first time this week 3. JPMorgan does not currently have a bitcoin ETF bid before the SEC, but nearly a dozen other firms do. Others are waiting with eagerness; Grayscale (a sister company to CoinDesk) is widely expected to convert its high-fee Grayscale Bitcoin Trust product to an ETF once the time is right. 4. NYDIG has also filed for a bitcoin ETF application, which the SEC has begun reviewing. All wealth management clients of the bank recently gained the ability to access bitcoin funds such as GBTC through JPMorgan brokerage account, according to Business Insider. However, the new bitcoin fund is limited to customers of JPMorgan Private Bank.