JPMorgan Boosts Bitcoin, Ethereum, and XRP ETF Holdings in Q2

JPMorgan has released its Q2 filing to the U.S SEC, revealing its exposure to Bitcoin, Ethereum, and XRP through ETFs.

The bank's holdings in BlackRock's IBIT, a Bitcoin ETF, increased sharply during the quarter, with JPMorgan now holding 10.4 million shares worth $355.7 million as of June 30.

This marks a significant jump from Q1, when JPMorgan reported 8.3 million IBIT shares worth $162 million.

The bank's options position also shifted during the quarter, with IBIT call options increasing to 3.94 million and put options decreasing to 3.5 million.