JPMorgan Doubles Down on Crypto ETFs, Expands Solana Stake
JPMorgan Chase has significantly increased its exposure to cryptocurrency exchange-traded funds (ETFs) in the second quarter of 2025, according to a recent 13F filing with the U.S. Securities and Exchange Commission.
The bank boosted its positions in BlackRock's spot Bitcoin and Ethereum ETFs, holding approximately 10.4 million shares of iShares Bitcoin Trust (IBIT), valued at roughly $355 million, an increase from about 8.3 million shares in the previous quarter.
JPMorgan also established a new position in the Bitwise Solana Staking ETF, holding about 47,500 shares, and resumed holdings in XRP-related products after selling its position in the first quarter.
The addition of a Solana staking ETF position is notable, as Solana-based products have gained traction following regulatory clarity and increased market interest.