JPMorgan Boosts Bitcoin and Ether ETF Holdings Amid Crypto Market Volatility

JPMorgan has increased its positions in several cryptocurrency-related exchange-traded funds (ETFs) and investment products, according to its latest Form 13F filing with the US Securities and Exchange Commission.

The bank's reported position in BlackRock's iShares Bitcoin Trust ETF (IBIT) rose by about 25% in the second quarter, from 8.3 million shares in Q1 to 10.4 million shares as of June 30, with a value of roughly $356 million.

JPMorgan's position in the iShares Ethereum Trust ETF (ETHA) more than quadrupled during the same period, climbing from around 267,000 shares in Q1 to approximately 1.17 million shares, valued at over $40 million.

The bank also reported small positions in XRP investment products, including 181 shares of Grayscale's XRP product worth $3,763 and 113 shares of Bitwise's XRP ETF worth $1,356, both up from zero in Q1.