| JPMorgan Buys the Dip After CEO Trashes Bitcoin|
9/16/2017, 10:11:06 AM · by ameribbean expat · 1 replies
Days after JPMorgan Chase & Co. CEO Jamie Dimon labeled Bitcoin a “fraud” and threatened to fire any employees caught trading cryptocurrency, it has emerged JPMorgan Securities made a number of trades on the Swedish stock exchange. Someone at the company bought and sold an instrument called Bitcoin XBT that tracks the bitcoin price. The trades were published on Sweden’s Nordbank website, detailing the “Bitcoin Tracker One” product, which is the first bitcoin tracking product to operate on a regulated exchange. The instrument is provided by XBT Provider AB. Nordbank’s data shows that JPMorgan holds over 9,000 XBT shares. XBT...