Jamie DimonThe CEO of Banking Heavyweight Jpmorgan, has recognized the importance of smart contracts -based cryptocurrencies, in stark contrast to his views on Bitcoin BTC/USD.
What happened: During a CNBC interview in January 2023, the CEO of the world’s most valuable banking company stated that cryptocurrencies with embedded smart contracts have value.
“There is a cryptocurrency that might do something. Think of a cryptocurrency that has an embedded smart contract and that we can use it to buy and sell real estate and sell data. That may have value,” he said.
It is important to understand the difference. Although Bitcoin is often used as a digital currency for transactions and a store of value, block chains such as Ethereum ETH/USD Use the development of smart contracts and decentralized applications.
This is why an abundance of decentralized fairs, benches and tokenization platforms are built on top of Ethereum.
See also: Cryptos with gamestop theme rise after Vivek Ramaswamy co-founder of the CEO of the Bitcoin Investment company: Graduated to be ‘meme shares’ to sector leader
The views of Dimon are weight because JPMorgan has made considerable investments in ETH via spot-exchange-related funds.
Ethereum ETFs began to act at American stock exchanges in July last year. According to a 13F application, the bank had a combined interest worth $ 39,695 in Grayscale Ethereum Trust ETF ETHE” Fidelity Ethereum Fund FethAnd Ishares Ethereum Trust ETF Etha.
| ETF’s ownership | Shares | Market value | Effective date |
| Grayscale Ethereum Trust ETF | 1,046 | $ 29,309 | December 31, 2024 |
| Ishares Ethereum 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 has not publicly endorsed Ethereum or a specific smart contract -based cryptocurrency in that regard. Benzinga put his hand out of JPMorgan to understand whether the ETF investments were formed by Dimon’s views. The bank did not immediately respond to the investigation.
Price action: At the time of writing, Ethereum exchanged hands at $$ 2,143.26, according to 7.25% in the last 24 hours, according to Data from Benzinga Pro. The cryptocurrency has fallen more than 30% in the past month.
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