JPMorgan ramps up crypto ETF holdings by 30% in less than a year

Source Cryptopolitan

JPMorgan Chase has increased its stake in exchange-traded funds (ETFs) by 30% since May 2024, when it disclosed $760,000 in Bitcoin ETFs.

This represents an increase of over $220,000 in just a few months.

JPMorgan expands crypto ETF portfolio with major investments in Bitcoin and Ethereum funds

The bank disclosed in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has greatly expanded its exposure to Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). The bank has invested $984,000 in Bitcoin ETFs and $32,300 in Ethereum ETFs through various products.

Among its Bitcoin ETF investments, JPMorgan has made a $523,000 investment in the ProShares Bitcoin ETF (BITO), a $290,000 investment in BlackRock’s iShares Bitcoin Trust ETF (IBIT), a $68,000 investment in the Bitwise Bitcoin ETF (BITB), a $55,000 investment in the Fidelity Wise Origin Bitcoin ETF (FBTC), and a $37,000 investment in the Grayscale Bitcoin Trust ETF (GBTC).

The bank places its bets on Ethereum spot ETFs, which include investments in the Grayscale Ethereum Trust ETF (ETHE), which amounts to $23,800, the iShares Ethereum Trust ETF (ETHA), worth $6,200, the Fidelity Ethereum Fund (FETH), valued at $2,100, and a small amount of $102 in the Grayscale Ethereum Mini Trust ETF (ETH).

JPMorgan joins Goldman Sachs in increasing Bitcoin ETF holdings

JPMorgan Chase’s choice to expand its ETF portfolio is in sync with other financial institutions, such as Goldman Sachs, that are also stepping up their stake in Bitcoin ETFs.

According to Goldman Sachs’ latest SEC filing, the bank now holds $1.27 billion in BlackRock’s iShares Bitcoin Trust ETF (IBIT), representing 24,077,861 shares. Goldman Sachs also disclosed a $288 million stake in Fidelity Wise Origin Bitcoin ETF (FBTC), holding 3,530,486 shares.

Goldman Sachs’ Bitcoin ETF holdings have increased dramatically, with an 88% rise in IBIT shares and a 105% rise in its FBTC position in the last quarter. 

However, the growth in institutional investment has not affected digital asset funds, which have recorded their first significant withdrawal in 2025. Investors removed $415 million from crypto funds last week, with most of the outflows coming from Bitcoin-based products, such as spot ETFs, which saw net withdrawals of $430 million.

According to CoinShares Head of Research James Butterfill, Federal Reserve Chairman Jerome Powell’s cautious stance on interest rate cuts triggered the sell-off.

“The U.S. central bank need not be in a hurry to cut rates,” Powell said, reinforcing investor concerns that looser monetary policy may take longer than expected.

These short-term issues do not alter JPMorgan’s deliberate choice to expand its Bitcoin and Ethereum ETF portfolio as it continues to follow institutional investment trends.

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