State Street will perform administrative services to support the issuance of the ETN by calculating the net asset value of the bitcoin portfolio consuming crypto market data from various crypto depositories
J.P. Morgan’s markets and securities services revenue has totalled $10.1 billion for Q1 2021, which marks an increase of 37 per cent compared to its Q1 2020 figure of $7.3 billion
O’Reilly will cover hedge funds and private markets and is responsible for advancing the investment services strategic direction, product structuring, sales and operations in EMEA
“I look forward to this next chapter of my career and working with the global teams and clients to continue to build on the strong foundation of innovation and service excellence that State Street has established,” says Ann Fogarty
The trust’s investment objective is to reflect the performance of the MVIS CryptoCompare Bitcoin Benchmark Rate less the expenses of the Trust’s operations