JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on blockchain.
The bank’s asset-management division, which handles $4 trillion, will start the Wall Street giant’s first tokenized money-market fund — this one on the Ethereum network — with $100 million of its own money, the Wall Street Journal reported.
The fund — called the My OnChain Net Yield Fund, or MONY — will be opened to outside investors on Tuesday, but it’s not aimed at the masses: The minimum investment is $1 million, and individuals need at least $5 million in investments to qualify. Institutions need at least $25 million.
Technically, shares of
JPM stock are gearing for a breakout as the stock is moving in tandem with the resistant point in the $300 zone a breakout above that region could resort to a bullish continuation from the present level.
Analyst Summary
According to 13 analysts, the average rating for JPM stock is "Buy." The 12-month stock price target is $326.08, which is an increase of 1.90% from the latest price.
The bank’s asset-management division, which handles $4 trillion, will start the Wall Street giant’s first tokenized money-market fund — this one on the Ethereum network — with $100 million of its own money, the Wall Street Journal reported.
The fund — called the My OnChain Net Yield Fund, or MONY — will be opened to outside investors on Tuesday, but it’s not aimed at the masses: The minimum investment is $1 million, and individuals need at least $5 million in investments to qualify. Institutions need at least $25 million.
Technically, shares of
JPM stock are gearing for a breakout as the stock is moving in tandem with the resistant point in the $300 zone a breakout above that region could resort to a bullish continuation from the present level. Analyst Summary
According to 13 analysts, the average rating for JPM stock is "Buy." The 12-month stock price target is $326.08, which is an increase of 1.90% from the latest price.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。