Bitcoin24h $98,117.26-0.07%

Ethereum24h $3,437.91-1.68%

XRP24h $2.25-2.09%

BNB24h $716.47+1.81%

Solana24h $194.33-2.42%

Dogecoin24h $0.3254-2.43%

Cardano24h $0.8905-3.62%

TRON24h $0.2547-0.99%

Avalanche24h $38.92-5.65%

Chainlink24h $23.57-5.27%

Decrypting JP Morgan’s crypto investments

Despite JP Morgan chairman Jamie Dimon’s longstanding hatred of crypto, his bank has a lengthy history of dabbling in digital currencies.

Are big players like Grayscale and MicroStrategy moving bitcoin’s price?

Is bitcoin a rich man’s casino? Comparing price action with moves by major players seems to confirm they can indeed shift the bitcoin market.

BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.

Three Arrows was also one of the major investors in Grayscale Bitcoin Trust, last year disclosing ownership of more than 38 million shares.

Wall Street’s Morgan Stanley just can’t stop buying Grayscale Bitcoin Trust as it awaits potential conversion to a spot exchange-traded fund.