JPMorgan Just Boosted its Bitcoin ETF Holdings by 64%
Bitcoin MagazineJPMorgan Just Boosted its Bitcoin ETF Holdings by 64% According to filings, JP Morgan reported holding 5,284,190 shares of IBIT, valued at $343 million as of September 30. This post JPMorgan Just Boosted its Bitcoin ETF Holdings by 64% first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
JPMorgan Just Boosted its Bitcoin ETF Holdings by 64%
JPMorgan disclosed a sharp increase in its holdings of the Bitcoin ETF IBIT, signaling rising institutional interest in cryptocurrency exposure.
According to 13F filings, the bank reported holding 5,284,190 shares of IBIT, valued at $343 million as of September 30.
This marks a 64% increase from its previous disclosure of 3,217,056 shares as of June.
The filing also revealed that JPMorgan holds IBIT options, including $68 million in call options and $133 million in puts. 13F filings aggregate holdings across all bank divisions, including high-net-worth clients, meaning these positions may not be limited to the bank’s own balance sheet.
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