What JPMorgan's New Fund Means for Bitcoin

JPMorgan Chase (NYSE: JPM) could become the biggest U.S. bank to embrace cryptocurrency as an asset class as early as this summer with the launch of an actively managed Bitcoin (CRYPTO: BTC) fund. While reports of the bank's plans and timelines have not been confirmed on the record by JPMorgan, the sources seem to be consistent and credible. Here's how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way -- and why it matters for crypto investors.