JPMorgan Doubles Bitcoin ETF Stake Amidst Corporate Crypto Losses

Financial giant JPMorgan has significantly increased its stake in the BlackRock Bitcoin ETF (IBIT), signaling continued investor interest despite market volatility. The bank’s move follows heavy losses suffered by corporate crypto portfolios during a recent downturn. While some companies are seeing significant unrealized losses, institutional investors continue to show confidence in digital assets as evidenced by JPMorgan’s substantial investment and positive outlook.