JPMorgan will offer clients investment baskets of shares of leading crypto companies

Financial holding JPMorgan Chase to launch a new investment vehicle based on shares of public companies associated with the crypto industry.

According to documents sent to the US Securities and Exchange Commission, by April of this year, the bank will offer customers «shopping cart» of the 11 leading digital asset companies directly or indirectly.

The lion’s share of the new product will come from 5 companies: MicroStrategy (20%), Square (18%), Riot Blockchain (15%), NVIDIA (15%) and PayPal (15%). The remaining 17% will include ICE, CME Group, Overstock, Silvergate, AMD and Taiwan Semiconductor Company.

JPMorgan will offer clients investment baskets of shares of leading crypto companies

JPMorgan notes in the description that the basket will not be associated with any cryptocurrency and digital asset market trends. The initial bond issue is scheduled for March 31. Debt securities will be repaid on May 5, 2022.

The new product launch indicates a growing interest from Wall Street investors in this area. According to a recent study by Gartner, 5% of corporations plan to invest in bitcoin by the end of the year..

text: Ivan Malichenko, photo: BoldBusiness

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