JPMorgan Eyes Bitcoin ETF Launch, Notes ETF Expert Nate Geraci

Crypto News- In a surprising turn of events, Nate Geraci, co-founder of ETF Institute and host of the ETF Prime podcast, has speculated that JPMorgan could defy expectations by applying with the U.S. SEC to launch a spot Bitcoin ETF. This speculation comes in response to JPMorgan CEO Jamie Dimon’s recent comments urging the U.S. government to crack down on cryptocurrencies, asserting that the only use case for crypto is to facilitate criminal activities.

JPMorgan Eyes Bitcoin ETF Launch, Notes ETF Expert Nate Geraci

Geraci’s proposition, shared on December 7, suggests that JPMorgan might explore the possibility of introducing a spot Bitcoin ETF or streamline access for its wealth management clients to invest in Bitcoin. Despite JPMorgan’s historical reservations about disruptive ETFs, Geraci believes the financial giant is unlikely to ignore the rising demand for Bitcoin and cryptocurrencies among institutional investors and family offices.

JPMorgan, historically cautious about ETFs, entered the ETF market relatively late in 2014, 21 years after the first ETF launch. However, as investor preferences shifted towards ETFs, JPMorgan adapted and followed suit. The financial giant, which made significant strides in the crypto industry during the 2021 bull run, introduced its own JPM Coin for transaction settlements and is now exploring cross-bank transactions and programmed payments.

Geraci draws parallels between the potential filing of a spot Bitcoin ETF application by JPMorgan and the transformative market impact observed with similar filings from industry leaders like BlackRock and Fidelity. Such a strategic move into the Bitcoin ETF space could position JPMorgan to capitalize on the increasing adoption of Bitcoin within traditional finance.