Recently, JP Morgan has made a very big announcement that it now wants to diversify Gold holdings into Ethereum ETFs so that the investment of institutions can increase. So it seems to me that JP Morgan and the US Top Banks also want to diversify their investments like BlackRock and Grayscale so that in the future there will be less money on many projects and if in the future SEC and US Congress will give Bitcoin ETFs then they too will have Ethereum. So that one can get significant profits in long-term holdings. Firstly, due to the dominance of Gold, no banks are hindering the investment of assets like Bitcoin and Crypto. Because Gold has become a ‘Secure Asset‘ for big banks, Ethereum ETFs have become digital gold for institutional people and investors.
Why is JP Morgan Planning to short the Spot Gold ETF from Ethereum ETFs?
So in this way, JP Morgan is one such bank that is the largest US bank in the world. that wants to have a profitable journey in Bitcoin ETFs for the likes of BlackRock and GrayScale. but for the rest of the US banks, Bitcoin and Ethereum ETFs are not very profitable. Because US Banks are ready to accept all the pressures of the SEC and US Congress. they also want to work hard for their investors, account holders, and stakeholders. So that in the future they will also get profit like BlackRock and Grayscale ETF and will not have to suffer more from SEC and USD. So in such a situation, come have also been told by JP Morgan that JP Morgan says that Ethereum will outperform Bitcoin in 2024 and JP Morgan used the same game plan to short the spot gold ETF.
Will JP Morgan or US Banks going to stop giving gold loans in the future?
Now it seems that after getting Bitcoin ETFs in JP Morgan Future, they may stop giving loans on Gold, Bonds, and Commodities because now the banks themselves want to see a good future and outperform Bitcoin and Ethereum. Because those banks and the big banks of the world also want to make Bitcoin and Ethereum alternative international payment opportunities to a great extent. Currently, US banks, Assets management, and Financial sectors want the SEC to give Bitcoin ETFs to all the big banks and financial sectors so that they can also run big financial services in the future with Bitcoin and Ethereum. However, JP Morgan accounts are mostly used in Saving, Investing, and Mutual funds but in all these, JP Morgan users do not see a bright future. so now they are using JP Morgan Bank’s Forex/Crypto for all Bitcoin and Ethereum investment and Payments gateways opportunities.