JPMorgan designed a new investment product related to cryptocurrencies

in bitcoin •  4 years ago  (edited)

JPMorgan designed a new investment product - a basket of companies with exposure to cryptocurrency 2-01-01.jpg

Details of this J.P. Morgan Basket of Companies with Exposure to Cryptocurrency have been revealed in an official application to the SEC where we learn that this instrument brings 11 Reference Stocks of U.S.-listed companies.

MicroStrategy has the largest share with 20%, followed by Square with 18%, Riot Blockchain with 15% but also NVIDIA with 15%. The contents of the basket did not forget about PayPal, which includes 10% of the company’s common stocks.

Important notes include the minimum investment amount of $ 1000 due in May 2022, as well as the preliminary launch, which is set approximately for the end of this month.

Source: https://ccnews24.net/jpmorgan-designed-a-new-investment-product-a-basket-of-companies-with-exposure-to-cryptocurrency/

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