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JPMorgan Chase Dives into Crypto ETFs, Holds Over $1M in BTC and ETH

Coin WorldMonday, Feb 17, 2025 1:00 pm ET
1min read

JPMorgan Chase, a financial services behemoth, has disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that it holds over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). The filing reveals that the banking giant currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest digital asset by market cap.

The data provides insights into the notable ETFs that JPMorgan holds, including more than $523,000 worth of the ProShares Bitcoin ETF (BITO), about $290,000 worth of BlackRock’s iShares Bitcoin Trust ETF (IBIT), $68,000 worth of the Bitwise Bitcoin ETF (BITB), $55,000 worth of Fidelity Wise Origin Bitcoin (FBTC), and $37,000 worth of the Grayscale Bitcoin Trust ETF (GBTC). In terms of Ethereum, JPMorgan holds $23,800 worth of the Grayscale Ethereum Trust ETF (ETHE), $6,200 worth of the iShares Ethereum Trust ETF (ETHA), $2,100 worth of the Fidelity Ethereum Fund (FETH), and $102 worth of the Grayscale Ethereum Mini Trust ETF (ETH).

ETFs centered around the top two crypto assets, which allow investors to gain exposure to BTC and ETH without directly purchasing them, were approved by the SEC in 2024 after years of being denied. This recent filing marks an increase of over $220,000 from the previous disclosure in May 2024, which revealed that JPMorgan held $760,000 worth of spot market BTC ETFs on behalf of its clients.

The growing interest of a major financial institution like JPMorgan Chase in crypto ETFs signals a shift in the perception of digital assets among traditional financial players. As the regulatory landscape continues to evolve, more institutions may follow suit, further integrating cryptocurrencies into their investment portfolios.

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clefjames
02/17

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WorgenFurry
02/17
@clefjames 👌
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MysteryMan526
02/17
ProShares leading the pack, $523k ain't chump change
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ConstructionOk6948
02/17
@MysteryMan526 ProShares flexing hard, no doubt.
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pd14200
02/17
@MysteryMan526 $523k ain't small potatoes, but JPM could diversify more.
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TobyAguecheek
02/17
JPMorgan's crypto play shows big banks warming up. Next stop: 🚀 or 🤔? Only time tells.
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waterlimes
02/17
BlackRock and Fidelity in the crypto game now too
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Conscious_Shine_5100
02/17
Holding some $BTC, diversifying is smart strategy
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Orion_MacGregor
02/17
@Conscious_Shine_5100 How long you been holding BTC? Any specific strategy or just riding the waves?
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r2002
02/17
@Conscious_Shine_5100 Got some BTC myself. Diversifying is key. No regrets, just HODLing and seeing what happens.
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ImplementEither7716
02/17
BTC and ETH ETFs approved, institutional interest growing. 🚀
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Opening-Finger-4294
02/17
JPMorgan diving into crypto, game's changing fast
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Roneffect
02/17
JPMorgan's crypto play shows big banks warming up. Next stop: 🚀 moon or bust?
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Frozen_turtle__
02/17
JPMorgan's move could attract more big fish to crypto
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DrMoveit
02/17
@Frozen_turtle__ Do you think other banks will follow?
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