Filings with the US SEC yesterday show that Wells Fargo and JPMorgan are collaborating with investment services company NYDIG to provide bitcoin investment exposure to their clients.
There are three filings – two of them name JPMorgan Securities as being the recipient of the shares tied to the bitcoin fund, while the third one mentions Walls Fargo Clearing Services.
It is established that all three of them will provide “pooled investment fund interests” from private issuers that NYDIG has indicated hold bitcoin.
We can further highlight the fact that the partnered banks are planned to get placement and servicing fees for clients it refers to NYDIG. No sales have been made in connection with the funds, according to what the filings show.