Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan 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 reveals the notable ETFs the banking giant 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 based around the top two crypto assets – which allow investors to expose themselves to BTC and ETH without having to actually purchase them – were approved by the SEC in 2024 after years of being denied.
In May 2024, filings with the SEC revealed that JPMorgan held $760,000 worth of spot market BTC ETFs on behalf of its clients, marking an increase of over $220,000.
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