Important points
- As of September 30, JPMorgan held 5.3 million Bitcoin ETF shares worth $343 million.
- This reflects a 64% increase in JPMorgan’s Bitcoin ETF holdings since June.
US banking giant JPMorgan revealed it held 5.3 million shares of the BlackRock Bitcoin ETF (IBIT) worth $343 million as of September 30, representing a 64% increase since June, according to new filings tracked by Macroscope.
The expansion of the bank’s Bitcoin ETF position reflects the growing institutional adoption of crypto assets through regulated investment vehicles. Traditional financial institutions are increasingly accepting crypto exposure through ETFs as they offer a familiar regulatory framework.
JPMorgan’s SEC filings also disclose Bitcoin ETF option positions, indicating that the bank has strategic hedging and trading activities in the crypto sector beyond its direct holdings in ETFs.