JPMorgan Chase lately added to its spot Bitcoin exchange-traded fund holdings, boosting its holdings by 64%.
Abstract
- JPMorgan lately elevated its spot Bitcoin ETFs holdings by 64%.
- The financial institution’s iShares Bitcoin Belief holdings jumped from 3,217,056 to five,284,190, valued at over $343 million.
- Bitcoin ETFs noticed a six-day dropping streak break on November 6.
JPMorgan’s holdings of iShares Bitcoin Belief ETF, an exchange-traded fund by BlackRock, elevated by 64.26%, based on monetary knowledge and insights supplier Fintel.
A type 13F-HR submitting on Nov. 7, reveals the banking large added 2,067,134 shares of IBIT, the world’s largest Bitcoin (BTC) ETF by internet property. SoSoValue knowledge reveals IBIT has over $80 billion in complete internet property and to this point boasts cumulative internet inflows of over $64.5 billion.
Per Fintel, JPMorgan’s IBIT holdings grew to five,284,190 as of September 30, 2025, a major bounce that additionally noticed the financial institution’s Bitcoin ETF possession by worth hit $343 million. Beforehand, the financial institution reported its holdings at 3,217,056 shares, with these valued at roughly $302 million.
The financial institution stated it might settle for Bitcoin ETFs as collateral in June.
JPMorgan sees Bitcoin hitting $170,000
The financial institution’s submitting displaying shopping for in latest weeks comes because the U.S. spot Bitcoin ETF market snaps a six-day streak of outflows.
On Nov. 6, spot BTC ETFs recorded a internet influx of $240 million, with IBIT registering over $112 million to guide the pack. A day of internet inflows reduce a dropping streak that had seen over $2 billion exit U.S. spot Bitcoin ETFs between Oct. 29 and Nov. 5.
By the way, the exits occurred as Bitcoin value struggled with draw back strain. Between Oct. 28 and Nov. 5, BTC value fell from highs above $116,000 to lows of $98,900, losses that added to the general strain seen because the Oct. 10, crypto market crash.
The benchmark digital asset, nevertheless, continues to hover close to $100,000, and, as JPMorgan lately stated, BTC may attain $170,000 inside 6 to 12 months.
Bitcoin traded round $102,569 on the time of writing.
