JPMorgan Chase has introduced a groundbreaking service allowing clients to purchase Bitcoin, but the bank’s leadership remains cautious about the cryptocurrency. This move aligns with the growing institutional interest in crypto and reflects a strategic approach that accommodates client demand while adhering to regulatory restrictions. Jamie Dimon’s announcement signifies a significant shift for JPMorgan, enabling clients to hold Bitcoin without direct custody, mirroring similar practices by competitors like Morgan Stanley. While Dimon has voiced his skepticism about Bitcoin’s long-term viability, this service demonstrates the bank’s willingness to address client desires while maintaining its stance on crypto. Institutional onboarding potential** for Bitcoin is likely to increase as a result of this policy change, however, direct custody services are not offered.