Crypto
JPMorgan Doubles Down on Bitcoin, Ethereum Exposure Amid Q2 Report
JPMorgan's latest SEC filing has revealed its quarter two report, showing a significant increase in Bitcoin exposure and a substantial jump in Ethereum ETF holdings.
The bank held a combined 10.4 million shares of BlackRock's IBIT, worth about $355.7 million as of June 30, marking a sharp rise from the first quarter when it reported about 8.3 million IBIT shares worth nearly $162 million.
JPMorgan's options position also shifted during the quarter, with IBIT call options increasing to 3.94 million and put options dropping from 4.75 million to about 3.5 million.