JPMorgan Chase just made a big move in the crypto world — the bank increased its holdings in Bitcoin exchange-traded funds (ETFs) by a massive 64%.
According to new filings, JPMorgan now owns over 5.28 million shares of the iShares Bitcoin Trust (IBIT) — that’s BlackRock’s spot Bitcoin ETF and the largest one in the world. These holdings are worth more than $343 million as of September 30, 2025.
Just a few months ago, the bank held about 3.2 million shares valued around $302 million, so this is a major jump.
What’s Going On
Financial data from Fintel shows JPMorgan added about 2 million more shares of IBIT, marking a clear sign of growing confidence in Bitcoin-based investments.
For context, IBIT currently manages over $80 billion in total assets and has seen $64.5 billion in inflows since it launched — proving it’s become the go-to Bitcoin ETF for large investors.
JPMorgan has also been showing more openness toward crypto lately. Back in June, the bank even said it would start accepting Bitcoin ETFs as collateral, which was a big step for a traditional financial institution.
Market Update: Bitcoin ETFs Rebound
This news comes right as the U.S. spot Bitcoin ETF market broke a six-day losing streak on November 6.
After several days of outflows — more than $2 billion exited between October 29 and November 5 — the market finally saw a rebound. On November 6 alone, there was a $240 million net inflow, with BlackRock’s IBIT leading the pack, bringing in $112 million on its own.
It’s a sign that investor confidence might be returning after a rough stretch for Bitcoin.
Bitcoin Price Struggles, But Outlook Is Strong
Bitcoin’s price has been under pressure lately. Between October 28 and November 5, it dropped from above $116,000 to as low as $98,900 — a tough fall after the crypto market crash earlier in October.
Still, the price has managed to stay close to $100,000, and JPMorgan believes the future looks bright.
According to the bank’s latest forecast, Bitcoin could reach $170,000 within the next 6 to 12 months if current trends continue.
At the time of writing, Bitcoin is trading around $102,569 — and with JPMorgan increasing its stake, it’s clear that even the biggest players in traditional finance are betting big on crypto’s long-term future.
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