JPMorgan Doubles Bitcoin ETF Holdings, Reflecting Growing Institutional Trust

JPMorgan Chase & Co. significantly boosted its Bitcoin ETF holdings, a move signifying increased institutional confidence in crypto-backed products despite market volatility. The financial giant now possesses 5,284,190 shares of the iShares Bitcoin Trust ETF worth approximately $343 million, representing a staggering 64% increase compared to June, according to SEC filings. This significant investment signifies growing trust in Bitcoin ETFs as institutional players increasingly embrace cryptocurrency assets.