-
Here's how bitcoin is entering investor portfolios through the backdoor
High passive ownership in MicroStrategy presents a risk to the stock Many investors are getting exposure to bitcoin whether they want to or not. New research from JPMorgan finds as much as $50 billion is invested in MicroStrategy (MSTR), the IT company turned bitcoin (BTCUSD) holder, in an indirect way. JPMorgan's team, headed by Nikolaos Panigirtzoglou, calculates at least $14 billion of shares are owned by mutual funds or exchange-traded funds which are simply benchmarked to an index including MicroStrategy. This figure may not be comprehensive, JPMorgan adds, because it fails to include funds (passive or active) ... (full story)