By Nermeen Nabil Khear 
Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest digital asset by market cap.
The data reveals the notable ETFs the banking giant holds, including more than $523,000 worth of the ProShares Bitcoin ETF (BITO), about $290,000 worth of BlackRock’s iShares Bitcoin Trust ETF (IBIT), $68,000 worth of the Bitwise Bitcoin ETF (BITB), $55,000 worth of Fidelity Wise Origin Bitcoin (FBTC) and $37,000 worth of the Grayscale Bitcoin Trust ETF (GBTC).
In terms of Ethereum, JPMorgan holds $23,800 worth of the Grayscale Ethereum Trust ETF (ETHE), $6,200 worth of the iShares Ethereum Trust ETF (ETHA), $2,100 worth of the Fidelity Ethereum Fund (FETH), and $102 worth of the Grayscale Ethereum Mini Trust ETF (ETH).
ETFs based around the top two crypto assets – which allow investors to expose themselves to BTC and ETH without having to actually purchase them – were approved by the SEC in 2024 after years of being denied.
In May 2024, filings with the SEC revealed that JPMorgan held $760,000 worth of spot market BTC ETFs on behalf of its clients, marking an increase of over $220,000.
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The post Banking Giant JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, According to New SEC Filing appeared first on The Daily Hodl.
​ Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest
The post Banking Giant JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, According to New SEC Filing appeared first on The Daily Hodl. Bitcoin, Ethereum, Trading, banks, BTC, BTC ETF, Crypto, etfs, ETH, ETH ETF, JPMorgan Chase, News, regulators, SECÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
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