The mainstream adoption of cryptos has been one of the main goals that the crypto industry had for a while.
There have been made a lot of moves in this direction, and they continue.
Now, it’s been revealed that JP Morgan offers a new way for investors to get some skin in the crypto game.
According to the latest reports, the investment banking giant launches a structured note offering linked to the “J.P. Morgan Cryptocurrency Exposure Basket” – it’s also important to note that this consists of 11 stocks of U.S. listed companies that the bank believes are related directly or indirectly to crypto assets.
Companies have exposure to crypto
The online publication the Daily Hodl notes that according to a new filing with the U.S. Securities and Exchange Commission (SEC), the included companies have exposure to crypto via “Bitcoin holdings, cryptocurrency technology products, cryptocurrency mining products, digital payments or Bitcoin trading.”
According to the notes, 20% of the basket is stock in MicroStrategy, 18% is stock in Square, 15% is stock in Riot Blockchain, 15% is stock in NVIDIA Corporation, and 10% in stock in PayPal.
“The remaining six stocks, all weighted at 5% or less, are in Intercontinental Exchange, CME Group, Overstock.com, Silvergate Capital, as well as American depositary shares in Taiwan Semiconductor Manufacturing Company Limited,” the same online publication mentioned above notes.
Bitcoin adoption intensifies
Regarding crypto adoption, you are probably aware of massive companies that supported the issue, such as MicroStrategy, Tesla, and more.
Now, it seems that Netflix could be hopping into the BTC wagon as well. Check out the latest news.
Tim Draper predicts that Netflix will be the next big company that will support the mass adoption of Bitcoin and will invest in the king coin.