JP Morgan and European Investment Bank Set Eyes on ETH as Ether Sets ATH

JP Morgan and European Investment bank have shown interest in adding ETH-based products for their clients quite similar to the growing institutional adoption of Bitcoin. The European Investment bank is planning to offer digital bonds on the Ethereum network, while JP Morgan sees Ether as a viable investment option. In one of its latest reports, JP Morgan has cited the depth of the ETH spot market which has helped the altcoin recover from the last week’s correction fairly quickly when compared to Bitcoin or any other altcoin.