JPMorgan Yn Cymryd Rhan Weithredol yn BTC ETF, Er gwaethaf Anghymeradwyaeth Lleisiol y Prif Swyddog Gweithredol Jamie Dimon

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JPMorgan Yn Cymryd Rhan Weithredol yn BTC ETF, Er gwaethaf Anghymeradwyaeth Lleisiol y Prif Swyddog Gweithredol Jamie Dimon

JPMorgan Chase agreed to play a vital role in BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF) despite CEO Jamie Dimon’s vocal anti-crypto stance. 

JPMorgan Chase CEO Jamie Dimon has never been one to keep his disapproval of bitcoin and cryptocurrencies a secret. Despite the CEO’s opposition to digital assets, JPMorgan agreed to play a crucial role in BlackRock’s spot BTC ETF application. 

Byddai Jamie Dimon yn Diddymu Crypto Pe bai'n Gallu

Just weeks ago, Jamie Dimon told the US government to shut down the industry. At the December 6 clyw of the State Senate Banking Committee on oversight of Wall Street firms, Dimon said, “I’ve always been deeply opposed to crypto, bitcoin, etc.” According to the billionaire CEO, “The only true case for it is criminals,” and opined “, If I was the government, I’d close it down.” 

Dimon has made numerous statements diswyddo bitcoin, urging people to “stay away” from cryptocurrencies, calling it a “fraud” in 2017. More Yn ddiweddar,, Dimon referred to crypto as “decentralised Ponzi schemes” and suggested regulators shift their focus away from traditional banks to the crypto industry. 

While Dimon continues to bash bitcoin, JPMorgan is investing more interest in the original crypto. On Friday, December 29, it was revealed that JPMorgan will play a significant role in BlackRock’s proposed BTC ETF. BlackRock amended its ETF application with the SEC enwi JPMorgan as one of its “authorized participants.” 

Ar ei gwefan, BlackRock explains that if it receives approval for its ETF, JPMorgan will play a “central role”, including “ensuring that ETF prices are accurate, and that trading is smooth, in all market conditions.”

Opinion - Hypocritical Much?

Dimon’s indirect involvement in crypto assets is confusing at best. While lobbying for a bitcoin ban, JPMorgan has been appointed in a massively important capacity as one of BlackRock’s capital market facilitators. Could we dare call this precarious situation somewhat hypocritical? 

Tynnodd y cyfreithiwr pro-crypto amlwg John Deaton sylw at y rhagrith hwn mewn sylw a wnaed ar an X post gan ddadansoddwr ETF Bloomberg, Eric Balchunas.  

Postiwyd Balchunas ar X yn fuan ar ôl i BlackRock ddiweddaru ei ffeilio S-1 gyda'r SEC, gan amlygu eironi rôl JPMorgan. 

Roedd Deaton yn gyflym i alw am gyfraniad JPMorgan:

"Beth am hynny @ewarren, Jamie Dimon @jpmorgan is involved with #Bitcoin despite its only use case serving terrorists, drug cartels and other criminals. Or maybe you and Jamie Dimon are simply gas lighting the American public.”  

Adding to the confusion, JPMorgan recently lansio its crypto token, JPM Coin, on a version of Ethereum for its institutional clients despite the bank being “deeply opposed” to the digital asset industry. 

Ymwadiad: Darperir yr erthygl hon at ddibenion gwybodaeth yn unig. Ni chynigir na bwriedir ei ddefnyddio fel cyngor cyfreithiol, treth, buddsoddiad, ariannol neu gyngor arall. 

Ffynhonnell wreiddiol: CryptoDaily