JPMorgan reports 64% increase in Bitcoin ETF holdings

JPMorgan Chase recently added to its spot Bitcoin exchange-traded fund holdings, boosting its holdings by 64%.

JPMorgan’s holdings of iShares Bitcoin Trust ETF, an exchange-traded fund by BlackRock, increased by 64.26%, according to financial data and insights provider Fintel.

A form 13F-HR filing on Nov. 7, shows the banking giant added 2,067,134 shares of IBIT, the world’s largest Bitcoin (BTC) ETF by net assets. SoSoValue data shows IBIT has over $80 billion in total net assets and so far boasts cumulative net inflows of over $64.5 billion.

Per Fintel, JPMorgan’s IBIT holdings grew to 5,284,190 as of September 30, 2025, a significant jump that also saw the bank’s Bitcoin ETF ownership by value hit $343 million. Previously, the bank reported its holdings at 3,217,056 shares, with these valued at approximately $302 million.

The bank said it would accept Bitcoin ETFs as collateral in June.

JPMorgan sees Bitcoin hitting $170,000

The bank’s filing showing buying in recent weeks comes as the U.S. spot Bitcoin ETF market snaps a six-day streak of outflows.

On Nov. 6, spot BTC ETFs recorded a net inflow of $240 million, with IBIT registering over $112 million to lead the pack. A day of net inflows cut a losing streak that had seen over $2 billion exit U.S. spot Bitcoin ETFs between Oct. 29 and Nov. 5.

Incidentally, the exits happened as Bitcoin price struggled with downside pressure. Between Oct. 28 and Nov. 5, BTC price fell from highs above $116,000 to lows of $98,900, losses that added to the overall pressure seen since the Oct. 10, crypto market crash. 

The benchmark digital asset, however, continues to hover near $100,000, and, as JPMorgan recently said, BTC could reach $170,000 within 6 to 12 months.

Bitcoin traded around $102,569 at the time of writing.