JPMorgan Boosts Bitcoin ETF Stake, Returns to XRP Amid Crypto Volatility

JPMorgan Chase significantly increased its stake in Blackrock's spot Bitcoin ETF to $355.7 million in Q2 2026, more than doubling from Q1.

The bank also re-entered XRP investments through Bitwise and Grayscale funds after previously exiting, while its Ethereum holdings grew substantially.

This move contrasts with a $61 million outflow from U.S. spot Bitcoin ETFs during the same week, highlighting JPMorgan's bullish stance despite broader market volatility.