IBIT News: JPMorgan Boosts BTC ETF Holdings by 64% in Latest Filing
CoinDesk
JPMorgan significantly increased its stake in the iShares Bitcoin Trust (IBIT) by 64.26% to $343.47 million.Summary
JPMorgan Chase & Co. substantially increased its holdings in the iShares Bitcoin Trust ETF (IBIT), reporting a 64.26% rise in ownership to 5,284,190 shares valued at approximately $343.47 million as of September 30, according to its latest 13F-HR filing. This increase follows the bank's research, which suggests Bitcoin's fair value could reach $170,000 based on a gold parity valuation model, indicating growing institutional confidence in digital assets. The disclosure shows a significant jump from the 3,217,056 shares held in the previous August filing.
(Source：CoinDesk)