Important takeaways
- JPMorgan held 5.3 million Bitcoin ETF shares valued at $343 million as of September 30.
- This reflects a 64% increase in JPMorgan’s Bitcoin ETF holdings since June.
JPMorgan, a major US bank, disclosed that it held 5.3 million shares of the BlackRock Bitcoin ETF (IBIT) valued at $343 million as of September 30, representing a 64% increase since June, according to a new archiving tracked by macroscope.
The bank’s expanded Bitcoin ETF position reflects the growing institutional adoption of crypto-assets through regulated investment vehicles. Traditional financial institutions have increasingly embraced cryptocurrency exposure through ETFs because they offer familiar regulatory frameworks.
JPMorgan’s SEC filing also reveals positions in Bitcoin ETF options, indicating that the bank has developed strategic hedging or trading activities in the crypto sector in addition to its direct ETF holdings.
