Jamie Dimon has trusted smart contract cryptocurrencies long before JPMORGAN clicked the “Buy” button on Ethereum ETF: Here’s what the CEO says – Common Unit of Unmotivated Benefits of Grayscale Bitcoin Mini Trust (BTC) scores (ARCA:BTC)
Jamie DimonCEO of heavyweight bank Morgan Has recognized the importance of smart contract-based cryptocurrencies, with him Bitcoin BTC/USD.
what happened: In a CNBC interview in January 2023, the CEO of the world’s most valuable banking company said that cryptocurrencies with embedded smart contracts have value.
“Having a cryptocurrency can actually make a difference. Think of a cryptocurrency that contains embedded smart contracts that we can use to buy and sell real estate and move data. That could have value.”
It is important to understand the differences. While Bitcoin is often used as a digital currency for transactions and store of value, blockchains are like Ethereum ETH/USD Enable development of smart contracts and decentralized applications.
This is why there are a lot of decentralized exchanges, banking and tokenized platforms built on Ethereum.
See: CEO of Vivek Ramaswamy co-founded the company urges Bitcoin investment: Cryptocurrency with GameStop theme after graduating from “Meme Stocks” to department leader
Dimon’s view remains important as JPMorgan has invested heavily in ETH through funds traded on spot exchanges.
Last July, Ethereum ETF began trading on US exchanges. According to filing 13F, the bank owns a combined stake worth $39,695 Grayscale Ethereum Trust ETF Ethe,,,,, Fidelity Ethereum Fund Fisand Ishares Ether Trust ETF Isa.
| ETF owns | Shareholding | Market value | Effective Date |
| Grayscale Ethereum Trust ETF | 1,046 | $29,309 | December 31, 2024 |
| Ishares Ether Trust ETF | 300 | $7,587 | December 31, 2024 |
| Fidelity Ethereum Fund | 80 | $2,673 | December 31, 2024 |
| Grayscale Ethereum Mini Trust ETF | 4 | $126 | December 31, 2024 |
It is worth noting that Dimon does not publicly recognize Ethereum or any specific cryptocurrency based on smart contracts. Benzinga approached JPMorgan to see if ETF investment was shaped by Dimon’s perspective. The bank did not immediately respond to the investigation.
Price action: At the time of writing, Ethereum swapped hands for $2,143.26, down 7.25% in the past 24 hours, according to Benzinga Pro. Last month, cryptocurrencies fell by more than 30%.
Image via shutterstock
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