JPMorgan Bank increased its stake in bitcoin ETFs by 64%

JPMorgan Chase’s share in the iShares Bitcoin Trust ETF, owned by BlackRock, increased by 64.26%.

According to form 13F-HR filed on November 7, the bank acquired 2,067,134 shares of IBIT — the world’s largest bitcoin ETF by net assets, which, according to SoSoValue, exceed $80 billion, while the total net inflow of funds currently stands at over $64.5 billion.

According to data from Fintel, as of September 30, 2025, JPMorgan’s holdings in IBIT rose to 5,284,190, leading to a significant increase in the value of the bank’s bitcoin ETF assets to $343 million. Previously, the bank reported holdings of 3,217,056 shares worth about $302 million.

Interestingly, JPMorgan Chairman and CEO Jamie Dimon had previously spoken disparagingly about cryptocurrency, saying it was not a real currency, and even called bitcoin “a fraud,” stating that the U.S. government should “ban it.” Since then, Dimon has significantly softened his stance.

The bank’s statement on increasing its stake in BTC funds came amid the fact that U.S. spot ETFs ended a six-day streak of fund outflows. On November 6, fund issuers attracted $240 million. At the same time, IBIT received nearly $112 million from investors, becoming the trading day’s leader.

The day of net inflow broke a losing streak during which, from October 29 to November 5, more than $2 billion was withdrawn from U.S. spot bitcoin ETFs.

See also: "Strategy raised another $715 million to replenish its bitcoin reserves"

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