5 Most Undervalued Blockchain Stocks To Buy According To Hedge Funds

2. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 110

P/E Ratio: 11.82

JPMorgan Chase & Co. (NYSE:JPM) has an entire unit dedicated to blockchain. The bank’s unit called Onyx is working on new technologies and applications to bring blockchain-based solutions into production. JPMorgan Chase & Co. (NYSE:JPM) says it is the first global bank to offer a blockchain-based platform for wholesale payments transactions.

As of the end of the third quarter of 2022, 110 hedge funds reported owning stakes in JPMorgan Chase & Co. (NYSE:JPM), according to Insider Monkey’s database of 920 hedge funds’ holdings.