JPMorgan Held About $549 Million in Bitcoin ETFs at Q3 End

JPMorgan held about $549 million in spot Bitcoin (BTC) exchange-traded funds as of Sept. 30, while its Strategy (MSTR) stake was valued at about $131.3 million, a snapshot of the bank’s crypto-linked investments.

JPMorgan’s 13F filing, submitted Nov. 12, covered holdings at quarter-end. It listed 11,408,930 shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at about $539.98 million. Positions in Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF and other spot Bitcoin funds brought the bank’s total Bitcoin ETF holdings to about $549 million.

JPMorgan increased its Strategy position 36% in the third quarter, to 848,932 shares. The filing valued that stake at about $131.3 million as of Sept. 30.