BlackRock Taps JPMorgan as Bitcoin ETF Partner Despite Dimon's Crypto Doubts
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BlackRock and Valkyrie name authorized participants (APs) including JPMorgan for their proposed bitcoin ETFs.
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BlackRock teams up with JPMorgan and Jane Street as APs; Valkyrie names Jane Street and Cantor Fitzgerald.
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APs acquire bitcoin on behalf of ETF issuers, which cannot purchase crypto themselves.
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Surprise that JPMorgan would work with BlackRock given CEO Jamie Dimon's anti-crypto stance.
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SEC expected to decide on approving a spot bitcoin ETF between January 5-10.