Published on January 10, 2024 16:42 GMT+00:00edited on January 10, 2024 16:44 GMT+00:00

JPMorgan Chase CEO Jamie Dimon used an interview with Fox Business to repeat his frequent criticism of bitcoin, saying the word's largest cryptocurrency by market capitalization "doesn't have value." His comments came amid anticipation that spot bitcoin ETFs could be approved later today, and despite the fact the bank he leads has been named as an authorized participant for BlackRock's prospective ETF.

"I don't care what other people do with bitcoin," Dimon said in the television interview. "But ... the actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it's not just people buying and selling bitcoin. There's no value if you're buying and selling bitcoin."

It's widely expected spot bitcoin ETFs will gain approval around the close of today. …