JPMorgan discloses holding 5.3M BlackRock Bitcoin ETF shares, valued at $343M, up 64% since June
Crypto Briefing
JPMorgan held $343 million in BlackRock Bitcoin ETF shares as of September 30, marking a 64% increase since June.Summary
JPMorgan, a major US bank, disclosed in a recent filing that it held 5.3 million shares of BlackRock's Bitcoin ETF (IBIT), valued at $343 million as of September 30. This figure represents a 64% increase in the bank's Bitcoin ETF holdings since June, underscoring the growing institutional adoption of regulated crypto investment vehicles. Furthermore, the SEC filing indicated that JPMorgan also holds positions in Bitcoin ETF options, suggesting the bank is engaging in strategic hedging or trading activities related to the crypto sector beyond its direct ETF investments.
(Source：Crypto Briefing)