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JPMorgan Chase Discloses Bitcoin ETF Holdings

1 min
Updated by Bary Rahma
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In Brief

  • JPMorgan reveals substantial Bitcoin ETF holdings, highlighting significant involvement in crypto.
  • The bank's investments include shares in various Bitcoin ETFs, totaling over $805,954 in value.
  • Disclosure underscores strategic approach amid growing institutional interest in digital assets.
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JPMorgan Chase & Co., the largest bank in the United States, has revealed its substantial Bitcoin exchange-traded fund (ETF) holdings.

The disclosure includes a variety of investments in different Bitcoin ETFs, showcasing the bank’s significant involvement in the cryptocurrency market.

JPMorgan Chase Reveals Bitcoin ETF Holdings

The report highlights 25,021 shares of Bitcoin Depot Inc., valued at $47,415. JPMorgan also holds 6,475 shares of the Bitwise Bitcoin ETF, worth $250,647, alongside a smaller stake of 55 shares valued at $2,129. The Fidelity Wise Origin Bitcoin ETF accounts for 16 shares, valued at $1,043. Additionally, the bank holds 40 shares of the Grayscale Bitcoin Trust, valued at just $2.

In the iShares Bitcoin Trust, JPMorgan owns 11,000 shares worth $445,170, and an additional 797 shares valued at $32,255. The ProShares Bitcoin Strategy ETF also forms part of the bank’s portfolio, with 14 shares valued at $452, and 831 shares worth $26,841.

The disclosure highlights JPMorgan’s strategic approach to cryptocurrency investment, leveraging a diversified portfolio across various Bitcoin ETFs. This move aligns with the growing institutional interest in digital assets despite recent market volatility.

Read more: How To Trade a Bitcoin ETF: A Step-by-Step Approach

Historical Bitcoin ETF Holdings
Historical Bitcoin ETF Holdings. Source: CryptoQuant

Despite the recent news, Bitcoin’s price experienced a 4.75% decline. Despite this, the Open Interest only saw a 3.91% decrease of $647 million, with liquidations totaling $167 million over 24 hours. This indicates that the market has not yet fully deleveraged, reflecting ongoing uncertainty.

Top crypto platforms | May 2024

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Bary Rahma
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.
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