The Banks Make Investing Convenient For The Rich

Thursday, August 19, 2021 at 7:06pm

Another benefit for the wealthy. Wells Fargo and JPMorgan have both filed for passive Bitcoin funds for their wealthy clients. They both partnered with NYDIG on the offerings. There are no sales as of today for the new funds. The news comes after earlier this month, when it was reported that high-net-worth clients of Wells Fargo were granted Bitcoin exposure. In July, JPMorgan Asset & Wealth Management CEO Mary Callahan Erdoes said the banking giant’s wealthy clients see Bitcoin as an asset class and “want to invest.”