In its latest 13F kind, JPMorgan reported $1 million in crypto publicity by exchange-traded funds (ETF) as of Dec. 31.
That is almost 69% greater than the $595,326 it reported at th finish of the third quarter of 2024.
In response to the submitting with the US Securities and Trade Fee (SEC), JPMorgan’s publicity to Bitcoin (BTC) by way of ETFs is value $964,322, almost 71% bigger than the $595,326 quantity beforehand reported.
The normal monetary establishment added $65,881 value of Bitwise’s BITB shares to its holdings and 50 shares of Franklin Templeton’s EZBC value lower than $3,000.
In the meantime, JPMorgan elevated the variety of Constancy’s FBTC shares by 208% to 658, value $53,719.
Moreover, the report revealed a discount in publicity to Grayscale BTC merchandise. JPMorgan reduce the three,695 shares it held from Grayscale’s GBTC and mini belief to 492, which at the moment are value $36,418.
The rise in JPMorgan’s BTC publicity by way of ETFs is expounded to BlackRock’s IBIT. The report confirmed 5,242 shares of IBIT, now value $278,094, up from 387.
JPMorgan’s publicity by way of ProShares’ Bitcoin futures ETF BITO grew to $527,502 within the newest 13F kind regardless of shedding over 2,000 fund shares. The rise within the dollar-denominated publicity is expounded to BTC’s value improve.
ETH publicity stays the identical
Regardless of the rise in Bitcoin publicity, JPMorgan holds simply $39,569 value of Ethereum (ETH) ETF shares. That is 29% bigger than the $30,705 held as of Sept. 30.
The monetary establishment now holds 300 shares of BlackRock’s ETHA, value $7,587, and 80 shares of Constancy’s FETH, value $2,673.
Moreover, JPMorgan additionally toned down its publicity to Grayscale ETH merchandise, lowering its holdings from 4,246 shares to 1,050 shares between quarters. As of Dec. 31, the full held was value $29,435.
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