JP Morgan Chase & Co is preparing to roll out a Bitcoin fund to certain clients, according to reports, in a move that will prove something of a volte-face for its boss Jamie Dimon.On Monday, a jp morgan chase bitcoin investment CoinDesk report cited sources saying the banking giant could unveil the new fund as soon as the summer, with Bitcoin-focused finance firm NYDIG to act as custody provider Prices for Bitcoin are rising as another Wall Street bank appears to be readying an actively managed crypto fund for its private-wealth clients. JP Morgan has cautiously entered into the Bitcoin arena over the last few years, and despite delving into blockchain technology fairly early on, the banking giant.What Happened: A number of sources familiar with the matter told. The cryptocurrency had slumped almost a fifth. JPMorgan Chase is fully embracing digital assets as the banking giant is preparing to launch an actively managed Bitcoin fund, according to a Coindesk report published on Monday Though the Wall Street giant did not announce anything officially, multiple sources of the publication revealed that the bank might launch the fund as soon as this summer JPMorgan Chase & Co. The bank's move into the bitcoin market is an unlikely one. Millennials' embrace of Bitcoin could see it "crowd out" gold in the long term, JP Morgan writes Chase Crypto-currency Trading You cannot buy Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) or any other crypto currencies on JP Morgan J.P. Morgan analysts called the cryptocurrency a shaky long-term investment. Bitcoin soared nearly 10% on Monday, after five straight days of losses, on reports that JPMorgan Chase is planning to offer a managed bitcoin fund. JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication. JPMorgan Chase (ticker: JPM) may launch the fund. Earlier in the year, as the price of bitcoin skyrocketed, J.P. JP Morgan Chase recently revealed in a note to Business Insider, that they anticipate Bitcoin rising to $130,000 if it were to reach the total private sector investment in gold. (NYSE:JPM) is preparing to launch an actively managed Bitcoin fund, according to a report from Coindesk.