Top story: JPMorgan launches JPM Coin on Ethereum for institutions. At publication, Bitcoin was at $82,717 (+1.2% in 24h), Ether at $2,439.23 (+1.8% in 24h) and the total crypto market cap at $2.79 trillion (-1.3% in 24h).
JPMorgan's blockchain division has deployed JPM Coin, a USD deposit token, to Ethereum mainnet for approved institutional clients. This marks the bank's first direct integration with Ethereum's public network for payment infrastructure.
JPMorgan analysts forecast Bitcoin will deliver 10% annualized returns over the next 10–15 years, exceeding long-term returns from U.S. equities and gold. The projection carries a caveat: Bitcoin's 55% annualized volatility substantially exceeds traditional assets.
Switzerland's financial regulator FINMA approved the country's first Bitcoin fund for retail investors holding Bitcoin directly rather than through derivatives. The approval waived standard diversification rules while imposing strict custody and investor-protection requirements.
Bitcoin spot ETFs recorded $526.6 million in inflows on October 19, reversing recent outflow trends and extending BlackRock's market dominance. The inflows coincided with outflows from Ethereum and Solana funds, signaling institutional rotation toward Bitcoin.
Switzerland's financial regulator FINMA approved the country's first spot Bitcoin ETF for retail investors, enabling direct BTC exposure through traditional fund structures. The approval marks a significant step in integrating cryptocurrency into Swiss investment frameworks.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
You're receiving this because you confirmed a subscription at coinarticle.com.