JPMorgan has increased its stake in exchange-traded funds (ETFs), seeing its holding rise by 30%. In its last update in May 2024, the company reported a $750,000 investment in Bitcoin ETFs.
The rise also represents a huge increase of over $220,000 in the months since the May report.
JPMorgan invests in BTC and ETH ETFs
In its recent 13F filing with the United States Securities and Exchange Commission (SEC), the bank mentioned investments in spot Bitcoin ETFs and spot Ethereum ETFs. In the filing, the bank highlighted a $984,000 investment in BTC ETF and a $32,300 investment in ETH ETF, noting that it is spread among several products.
According to its filing, the bank 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).
In its Ethereum ETF investment, the firm has 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 BTC ETF investment
JPMorgan, in expanding its ETF portfolio, has joined the leagues of banks like Goldman Sachs, who are also stepping up their BTC purchases. According to the SEC filing, Goldman Sachs 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 has seen its Bitcoin ETF holdings increase, with an 88% rise in IBIT shares and a 105% rise in its FBTC position in the last quarter. However, the growth in institutional adoption has not affected digital assets funds, which have recorded their first significant withdrawal in 2025. Investors removed $415 million from the products, with Bitcoin-related products seeing a bulk of the withdrawals.