Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite

[sirty143]

Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto

Blackrock, the world’s largest asset manager, has named JPMorgan as a lead authorized participant for its spot bitcoin exchange-traded fund (ETF). This followed JPMorgan CEO Jamie Dimon stating in a congressional hearing... See more for yourself here.

Your opinion is greatly appreciated.

[Tribalchief]

This is a disgrace and a shameful act meant to mock the crypto community. Dimon clearly doesn't have the interests of the crypto community at heart. He has been misleading Congress and the public by insisting that crypto plays a major role in crime-related matters. Interestingly, he even launched his own coin on the Ethereum Blockchain.

This clearly suggests that there is something questionable about Blackrock and this Dimon guy. Crypto, especially Bitcoin, is not anyone's property. The community will stand strong no matter how they attempt to control it. Unfortunately, they have the money, but the community understands the protocol. Let's see how things unfold, especially in 2024.

[Zed0X]

Having a company, whose CEO is a contrarian, as an authorized participant and a key player in the proposed ETF looks ironic and hypocritical given Dimon's stance on BTC but this could be a smart move on the side of Blackrock. We may not like him but there are still plenty of traditional investors that follow his views on investments. Banks don't like unregulated crypto but they're not going to miss out on getting involved with the regulation of crypto trading/investments.