Bitcoin futures curve was in backwardation for most of 2018, a year when BTC lost 74% of its value, JPMorgan noted.
JPMorgan bunched proxy crypto stocks to give skeptical investors exposure to the crypto economy.
Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX.
The financial services giant has filed paperwork with the SEC to launch a debt instrument linked to 11 crypto-focused firms.
Bitcoin would serve as a hedge against fluctuations in traditional assets.
The price of Bitcoin is beginning to recover after news broke that Morgan Stanley’s investment arm is considering buying BTC.
Even though Bitcoin has struggled to reclaim its recent high of $42,000, projections of BTC reaching $100,000 still seem achievable to some.
Retail users may have to wait in much of the world, however.
An ETF could draw institutional money from the Grayscale Bitcoin Trust, a support for the price of the cryptocurrency, the report said.
The enterprise blockchain space in 2020 looks a lot different from previous years, demonstrating the continuation and a drive to mature and advance.