JPMorgan Chase Preparing ‘Cryptocurrency Exposure Basket’

JPMorgan Chase on Tuesday filed a number of documents for a “Cryptocurrency Exposure Basket.” The basket includes 11 unequally weighted reference stocks including Microstrategy, Square, PayPal, CME Group, NYSE-parent Intercontinental Exchange, Overstock and Silvergate Capital (and does not include Tesla). These […]

article-image

Source: Shutterstock

share

key takeaways

  • JPMorgan Chase basket includes 11 US stocks related to digital assets
  • Stocks include Microstrategy, Square, PayPal, CME Group, NYSE-parent Intercontinental Exchange, Overstock and Silvergate Capita

key takeaways

JPMorgan Chase on Tuesday filed a number of documents for a “Cryptocurrency Exposure Basket.”

The basket includes 11 unequally weighted reference stocks including Microstrategy, Square, PayPal, CME Group, NYSE-parent Intercontinental Exchange, Overstock and Silvergate Capital (and does not include Tesla).

These are companies JPMorgan Chase “believes to be, directly or indirectly, related to cryptocurrencies or other digital assets,” the bank said in a fact sheet included in the filing. It also emphasized the notes don’t provide direct exposure to cryptocurrencies and that the basket’s performance may not be correlated with the price of a digital asset.

The filing comes a month after the bank’s co-president Daniel Pinto said client demand for crypto “isn’t there yet” but that he’s “sure it will be at some point.”

In the same month it distributed a report to its Private Bank clients (who maintain a balance of $10 million) that said bitcoin can be a portfolio diversifier “if sized correctly,” among other things.

Last week, Charles Schwab expanded its strategy to include digital assets, following in the footsteps of BNY Mellon.

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Axiom report graphic.png

Research

Axiom has rapidly become the leading Solana trading bot, capturing over 50% of Solana bot volume and hovering at 3-4% of total Solana memecoin volume just three months post-launch, driven by high user activity and larger average trade sizes.

article-image

Debate over extra Bitcoin use cases has returned, two years on from Ordinals

article-image

Altcoin season may be on a permanent pause as the market matures and paths grow more selective

article-image

Today’s blockchains are more like nervous systems without a brain — wiring without will

article-image

A number of blockchains make use of the Solana Virtual Machine

article-image

Bloomberg Intelligence analysts pegged the odds of the SEC approving US litecoin and solana ETFs in 2025 at 90%

article-image

Digital Assets Subcommittee Chair Bryan Steil called for a “roundtable” discussion in lieu of a formal hearing