First Midwest Bank Trust Division Holding 29.5K Shares of Grayscale Bitcoin Trust
First Midwest Bank Trust Division has $14 billion of assets under management and is the third-largest independent Illinois-headquartered bank.
JPMorgan will let wealth management clients invest in Grayscale and Osprey crypto trusts.
The institutional investment manager also increased its holdings in the Grayscale Ethereum Trust by about 5%.
The GBTC shares traded at a discount of 6.6% to net asset value (NAV) on Tuesday, the smallest margin since June 22.
Intraday volume for the world's oldest cryptocurrency remains considerably lower than weeks past.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.