JPMorgan Chase has reportedly made six crypto funds accessible in a rather quiet manner throughout the last three weeks, as included in its plan of providing crypto exposure to a wide range of clients.

Specifically, in its most recent development, JPMorgan has reportedly made a new Bitcoin fund – established by crypto investment company New York Digital Investment Group (NYDIG) – accessible.

NYDIG is reportedly in the possession of Stone Ridge Asset Management, and the “Stone Ridge Bitcoin Strategy Fund” provides exposure to Bitcoin via futures markets.

The NYDIG fund has reportedly joined the list of five other crypto funds the bank has made available in July – Grayscale Investments’ Grayscale Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust and Ethereum Classic Trust, as well as the Osprey Bitcoin Trust.

Regardless of the fact that the traditional financial institution has reportedly made the risky move of providing crypto exposure via six different funds, JPMorgan is still applying an approach with extra caution to the way it offers its new digital-asset services.

JPMorgan advisors are reportedly prohibited from promoting the crypto funds in an overt manner, and are limited to carrying out the transactions anytime a client puts up a request. 

The Grayscale and Osprey Funds have been made available to every user across a wide range of its wealth management platforms, including its self-directed Chase trading app, while the NYDIG fund is only open to private banking clients.

The interactions between the investment banking heavyweight and crypto have been of a complicated manner, following the remarks of its Head, Jamie Dimon, calling Bitcoin as fraud back in 2017.