On the 19th (local time), CEO Dimon said at JP Morgan's annual investor day event, "We are looking forward to seeing our clients take custody of Bitcoin."
"However, we will not be in custody of this and it will be a system where customers will receive Bitcoin on their statements."
CNBC reported, citing anonymous people familiar with the matter, that JPMorgan plans to offer clients access to a Bitcoin spot ETF. Until now, JPMorgan has not held cryptocurrency directly, but
JPMorgan's rival Morgan Stanley also recently offered bitcoin to eligible clients.
The US physical Bitcoin ETF has seen an inflow of approximately $42 billion since its launch in January 2024, rapidly growing the market.
At the event, CEO Diman reiterated his long-standing skepticism towards cryptocurrencies, stating that Bitcoin could be used for money laundering, sex trafficking, terrorist financing, etc.
"I don't like smoking, but I support your right to smoke. Similarly, I support your right to buy bitcoin," he said.
Diman has consistently maintained a critical stance, calling Bitcoin a fraud in 2018 and saying that "Bitcoin has no value" even in the bull market of 2021.
"I am deeply opposed to cryptocurrency, Bitcoin and all of that," he said at a Senate Banking Committee hearing in 2023, adding that "the only uses for it are for criminals, drug trafficking, money laundering and tax evasion."
" He also said at the 2024 Davos World Economic Forum, "Bitcoin does nothing. I call it a 'pet rock.'
At the time, Bitcoin had just surpassed $100,000 for the first time in history.
2025/05/20 15:58 KST
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