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The news pointed out that JP Morgan Chase (JP), the world’s largest investment bank
Morgan submitted an application document to the U.S. Securities and Exchange Commission (SEC). The application project is a stock investment portfolio of 11 listed companies, including MicroStrategy, Square, Roit
Blockchain... and other companies that focus on investing in cryptocurrency.

JP Morgan's official information details the contents of the investment portfolio, in which each company has a different proportion:

MicroStrategy(20%)

Square(18%)

Riot Blockchain(15%)

Nvidia Corporation (15%)

PayPal Holdings(10%)

Advanced Micro Devices(5%)

Taiwan Semiconductor Manufacturing TSMC (5%)

Intercontinental Exchange(4%)

Chicago Mercantile Exchange(4%)

Overstock.com (2%)

Silvergate Capital(2%)

Among them you can find MicroStrategy, Square, Riot
Companies such as Blockchain that focus on investing in cryptocurrency account for the highest proportion, followed by companies including TSMC, semiconductors, mobile payment services, exchanges, investment banks, etc.

JPMorgan's statement said: "This product is for those who have a need for JPMorgan's cryptocurrency investment portfolio. However, it is not directly related to cryptocurrencies and the income results may not be the same as those of cryptocurrencies such as Bitcoin. )'s performance."

J.P. Morgan emphasized that the portfolio’s profit performance mainly depends on the company’s performance and has nothing to do with the price fluctuations of cryptocurrencies (such as BTC). According to official information, the pricing date of the investment project is March 26 this year, the original issuance date is March 31 this year, and the maturity date is May 5 next year, and each investment must be at least more than US$1,000.

**Attention and optimism about the market**

Although Chairman Jamie Dimon
Dimon criticized Bitcoin as a fraud in 2017, but in recent years JP Morgan has become increasingly optimistic about the cryptocurrency market. It has issued many analysis reports and is optimistic about the rise of Bitcoin.

At the end of 2020, JPMorgan Chase's analysis found that the inflow of Bitcoin funds at that time may be due to the withdrawal of gold, and predicted that more institutions will enter the Bitcoin market and be bearish on the long-term trend of gold.

In early January this year, JPMorgan Chase also predicted in an analysis report that the trend of Bitcoin may grow significantly today, and may soar to US$50,000 to US$100,000. Then Bitcoin reached US$50,000 in February. The price is very close to the originally predicted direction.

In February, JPMorgan Chase Chief Operating Officer Daniel Pinto said again that if Bitcoin becomes more popular in the future, JPMorgan Chase will have the possibility to participate in the market.

Although JPMorgan Chase has not yet actually directly invested in cryptocurrency, it can be observed from the newly launched investment portfolio that JPMorgan Chase has a certain degree of confidence in the future of the cryptocurrency market. If it applies for customs clearance, more traditional investors will enter the cryptocurrency market indirectly. Pipeline, more institutions may join the investment ranks in the future.