Overview
- An SEC 13F filed on Nov. 7 shows JPMorgan held 5,284,190 shares of BlackRock’s iShares Bitcoin Trust valued at about $343 million as of Sept. 30.
- The stake increased 64% from the 3,217,056 shares reported in June, marking a sizeable quarter-over-quarter build.
- JPMorgan also reported IBIT derivatives exposure, with $68 million in call options and $133 million in put options.
- Recent reports noted U.S. bitcoin ETFs ended a six-day outflow streak, while bitcoin traded around $101,000.
- The move highlights institutional uptake of spot bitcoin ETFs as a regulated access route, even at firms whose leaders once criticized crypto such as Jamie Dimon.