JPMorgan increased its stake in the Bitcoin ETF by 64%

JPMorgan Chase's stake in the iShares Bitcoin Trust ETF owned by BlackRock increased by 64.26%.
According to the 13F-HR filing submitted on November 7, the bank purchased 2,067,134 shares of IBIT, the largest Bitcoin-ETF in the world by net assets, which according to SoSoValue data exceeds $80 billion, while the total net inflow of funds currently exceeds 64.5 billion dollars.
According to Fintel, as of September 30, 2025, JPMorgan's assets grew to 5,284,190, resulting in a significant increase in the value of the bank's assets in the Bitcoin ETF to $343 million. Earlier, the bank reported that its assets consisted of 3,217,056 shares worth approximately $302 million.
It is interesting to note that the Chairman and CEO of JPMorgan, Jamie Dimon, has repeatedly expressed his disdain for the idea that cryptocurrencies are not real currencies, even describing Bitcoin as a "fraud," claiming that the U.S. government should "ban it." Since then, Dimon has significantly softened his stance.
The bank's statement regarding its increased stake in BTC funds came amid a halt in US ETF funds after a six-day string of outflows. On November 6, fund issuers attracted $240 million. While they received nearly $112 million from investors, becoming the trading day leader.
The day of net inflow of funds ended a streak of failures, as more than $2 billion was withdrawn from US Bitcoin ETFs from October 29 to November 5.