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JPMorgan’s 13F Shows 64% Jump in BlackRock Bitcoin ETF Exposure to $343 Million

The disclosure reflects brokerage and wealth-client positions, clarifying that the stakes are not necessarily on the bank’s own balance sheet.

Overview

  • As of September 30, the filing lists 5,284,190 shares of IBIT worth about $343 million plus roughly $68 million in call options and $133 million in puts.
  • The reported share count increased 64% from 3,217,056 shares at the end of the second quarter.
  • Because 13F reports aggregate client and brokerage accounts, the positions may not be proprietary, a point underscored by a CoinDesk correction to its initial story.
  • Spot bitcoin ETF flows were volatile this week, with net inflows on November 6 followed by $558.4 million in net outflows on November 7, including $131.4 million from IBIT.
  • JPMorgan’s research reiterated a bullish outlook that sees Bitcoin potentially approaching $170,000 within 6–12 months, and the bank is reported to be working toward accepting Bitcoin as loan collateral by late 2025.