JPMorgan Chase has disclosed a significant 64% increase in its holdings of BlackRock's iShares Bitcoin Trust (IBIT), bringing its total to 5,284,190 shares valued at $343 million as of September 30, 2025, according to a 13F-HR filing submitted to the U.S. Securities and Exchange Commission (SEC) on November 7. This marks a rise from the 3,217,056 shares reported in June, with the filing also detailing IBIT call options worth $68 million and put options valued at $133 million.
The move underscores the growing institutional adoption of spot Bitcoin ETFs, which were approved in January 2024 and serve as a regulated gateway for investors to gain direct exposure to Bitcoin without custody concerns. Unlike futures ETFs, these products represent actual asset purchases, facilitating broader market entry for traditional financial firms.
Historically, JPMorgan was a vocal critic of cryptocurrencies, with CEO Jamie Dimon once labeling Bitcoin a "fraud" and advocating for government intervention. However, the bank's escalating ETF investments signal a notable shift in strategy, aligning with increased demand from institutional clients and reflecting a softened stance on digital assets.
Amid this development, Bitcoin faced market volatility, declining by 16% over the previous week but managing to hold above the $100,000 support level, with prices around $101,322.88 at the time of reporting. The broader Bitcoin ETF market also showed signs of recovery, ending a six-day outflow streak and hinting at renewed investor confidence.
ETH
PEPETO
BNB