JPMorgan Chase has disclosed that it owns 5.28 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF as of September 30, a 64% increase since June.  Institutional investors have increasingly been turning to regulated crypto vehicles and investment products as they look to diversify their holdings and explore Bitcoin ETF options.  JPMorgan Holds 5.3 Million BlackRock Bitcoin ETF Shares  According to JPMorgan’s New York-based fintech arm’s latest 13F-HR Institutional Investment Manager holdings report, the firm owns IBIT shares worth $343 million. The report can be viewed on the United States Securities and Exchange Commission (SEC) website. Spot Bitcoin ETFs secured approval in January 2024, marking a watershed moment for Bitcoin and the broader cryptocurrency ecosystem.  Spot Bitcoin ETFs, primarily IBIT, are widely regarded as an important gateway for institutional investors to gain exposure to the cryptocurrency market. Bitcoin ETFs give investors access to the asset without needing direct custody. Unlike futures ETFs, spot Bitcoin ETFs represent direct asset buys.  A Vocal Critic  JPMorgan was one of the harshest critics of spot Bitcoin ETFs before their approval in 2024. The financial behemoth was also critical of the broader cryptocurrency market. JPMorgan’s chairman and CEO, Jamie Dimon, made several comments about Bitcoin, questioning its validity as a real currency, and even calling it a “fraud” asset. Dimon urged the US government to shut it down and made several attempts to associate cryptocurrency with illicit and criminal activities. Dimon stated during an interview,  “It does nothing. I call it the pet rock.” Dimon was initially very open about his dislike for cryptocurrencies, calling those investing in the asset “stupid,” and calling the asset a waste of time and a “hyped-up fraud.” However, Dimon’s tone has shifted in recent months. The JPMorgan CEO recently stated during an interview,  “Crypto is real. Blockchain is real. Stablecoins are real.”  Dimon also revealed that JPMorgan was operating a deposit coin and using smart contracts to improve transaction efficiency, noting,  “It will be used by all of us.” Meanwhile, spot Bitcoin ETFs broke their six-day outflow streak, showing signs of recovery after Bitcoin (BTC) plunged over 16% over the course of the week. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other adviceJPMorgan Chase has disclosed that it owns 5.28 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF as of September 30, a 64% increase since June.  Institutional investors have increasingly been turning to regulated crypto vehicles and investment products as they look to diversify their holdings and explore Bitcoin ETF options.  JPMorgan Holds 5.3 Million BlackRock Bitcoin ETF Shares  According to JPMorgan’s New York-based fintech arm’s latest 13F-HR Institutional Investment Manager holdings report, the firm owns IBIT shares worth $343 million. The report can be viewed on the United States Securities and Exchange Commission (SEC) website. Spot Bitcoin ETFs secured approval in January 2024, marking a watershed moment for Bitcoin and the broader cryptocurrency ecosystem.  Spot Bitcoin ETFs, primarily IBIT, are widely regarded as an important gateway for institutional investors to gain exposure to the cryptocurrency market. Bitcoin ETFs give investors access to the asset without needing direct custody. Unlike futures ETFs, spot Bitcoin ETFs represent direct asset buys.  A Vocal Critic  JPMorgan was one of the harshest critics of spot Bitcoin ETFs before their approval in 2024. The financial behemoth was also critical of the broader cryptocurrency market. JPMorgan’s chairman and CEO, Jamie Dimon, made several comments about Bitcoin, questioning its validity as a real currency, and even calling it a “fraud” asset. Dimon urged the US government to shut it down and made several attempts to associate cryptocurrency with illicit and criminal activities. Dimon stated during an interview,  “It does nothing. I call it the pet rock.” Dimon was initially very open about his dislike for cryptocurrencies, calling those investing in the asset “stupid,” and calling the asset a waste of time and a “hyped-up fraud.” However, Dimon’s tone has shifted in recent months. The JPMorgan CEO recently stated during an interview,  “Crypto is real. Blockchain is real. Stablecoins are real.”  Dimon also revealed that JPMorgan was operating a deposit coin and using smart contracts to improve transaction efficiency, noting,  “It will be used by all of us.” Meanwhile, spot Bitcoin ETFs broke their six-day outflow streak, showing signs of recovery after Bitcoin (BTC) plunged over 16% over the course of the week. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

JPMorgan Holds $343M In IBITShares, Up 64% Since June

JPMorgan Chase has disclosed that it owns 5.28 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF as of September 30, a 64% increase since June. 

Institutional investors have increasingly been turning to regulated crypto vehicles and investment products as they look to diversify their holdings and explore Bitcoin ETF options. 

JPMorgan Holds 5.3 Million BlackRock Bitcoin ETF Shares 

According to JPMorgan’s New York-based fintech arm’s latest 13F-HR Institutional Investment Manager holdings report, the firm owns IBIT shares worth $343 million. The report can be viewed on the United States Securities and Exchange Commission (SEC) website. Spot Bitcoin ETFs secured approval in January 2024, marking a watershed moment for Bitcoin and the broader cryptocurrency ecosystem. 

Spot Bitcoin ETFs, primarily IBIT, are widely regarded as an important gateway for institutional investors to gain exposure to the cryptocurrency market. Bitcoin ETFs give investors access to the asset without needing direct custody. Unlike futures ETFs, spot Bitcoin ETFs represent direct asset buys. 

A Vocal Critic 

JPMorgan was one of the harshest critics of spot Bitcoin ETFs before their approval in 2024. The financial behemoth was also critical of the broader cryptocurrency market. JPMorgan’s chairman and CEO, Jamie Dimon, made several comments about Bitcoin, questioning its validity as a real currency, and even calling it a “fraud” asset. Dimon urged the US government to shut it down and made several attempts to associate cryptocurrency with illicit and criminal activities. Dimon stated during an interview, 

Dimon was initially very open about his dislike for cryptocurrencies, calling those investing in the asset “stupid,” and calling the asset a waste of time and a “hyped-up fraud.”

However, Dimon’s tone has shifted in recent months. The JPMorgan CEO recently stated during an interview, 

Dimon also revealed that JPMorgan was operating a deposit coin and using smart contracts to improve transaction efficiency, noting, 

Meanwhile, spot Bitcoin ETFs broke their six-day outflow streak, showing signs of recovery after Bitcoin (BTC) plunged over 16% over the course of the week.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

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