JPMorgan Says Bitcoin ETFs Could Shrink CME Futures Premium
"Launching a bitcoin ETF in the U.S. will be the key to normalizing the pricing of bitcoin futures," according to JPMorgan.
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.
The JPMorgan bitcoin fund could roll out as soon as this summer with NYDIG as the fund’s custody provider.
JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind.
JPMorgan expects bitcoin liquidity should recover, though it may take a few days as market conditions stabilize.
ConsenSys has multi-year commercial arrangements with JPMorgan and Mastercard, and commercial activity happening with UBS, said founder Joe Lubin.