JPMorgan Doubles Down on Bitcoin ETF Holdings Amidst Investor Pullout

Following investor withdrawals of over $500 million from Bitcoin ETFs, JPMorgan Chase significantly increased its exposure to these funds. Their Form 13-F filing reveals a substantial surge in holdings, with the firm now holding an impressive 5.28 million shares of BlackRock’s iShares Trust (IBIT). This represents a significant 64% increase from June levels. The move comes as investors pull money out of Bitcoin ETFs in a bid to manage risk and respond to market volatility.