JPMorgan Discloses 64% Increase In BlackRock Bitcoin ETF Holdings In 2025 Q3 — Details
Global banking behemoth JPMorgan Chase has disclosed its elevated publicity to the world’s largest cryptocurrency via BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).
JPMorgan Held 5.2 Million IBIT At End Q3
In the latest 13-F filing with the United States Securities and Exchange Commission (SEC), JPMorgan disclosed its holding of 5,284,190 IBIT shares, BlackRock’s spot Bitcoin ETF, as of September 30. This third-quarter determine represents a pointy 64% improve within the agency’s publicity to identify Bitcoin exchange-traded funds.
JPMorgan’s IBIT holdings, which had been price about $333 million as of September 30, are actually valued at round $312 million. While the financial institution’s expanded place locations it amongst one of many main institutional holders of BlackRock’s Bitcoin ETF, it nonetheless sits behind different corporations, like Goldman Sachs, with considerably bigger holdings. Goldman Sachs disclosed that it held 30.8 million shares of IBIT within the first quarter of 2025.
Furthermore, the submitting with the SEC reveals that JPMorgan held IBIT name choices price $68 million and put choices price $133 million as of September 30.
The elevated funding in spot Bitcoin ETFs is per the bank’s price expectations for the flagship cryptocurrency. In a latest report, strategist Nikolaos Panigirtzoglou and his crew shared that deleveraging within the crypto derivatives market, particularly Bitcoin perpetual futures, seems to be principally over.
The JPMorgan analysts revealed that the latest rise in gold volatility has made BTC a extra engaging funding possibility on a risk-adjusted foundation. Using this gold-based mannequin, the pundits argued that Bitcoin is pretty undervalued in comparison with gold and will see a major upward motion to round $170,00 over the subsequent 6 to 12 months.
As of this writing, the worth of BTC stands round $102,900, reflecting an over 1% soar previously 24 hours. However, the premier cryptocurrency continues to be deep within the pink on medium-term timeframes. According to knowledge from CoinGecko, the BTC price is down by greater than 6% within the final seven days.
BlackRock’s IBIT Struggles In Recent Weeks
BlackRock’s Bitcoin ETF has considerably struggled over the previous few weeks, registering important withdrawals within the final two. According to knowledge from SoSoValue, the exchange-traded fund posted a weekly internet outflow of over $403 million within the earlier week.
Excluding its efficiency on Friday, November 7, BlackRock’s IBIT appears to be like set to file a weekly internet outflow of roughly $450 million. Nevertheless, the iShares Bitcoin Trust nonetheless ranks as the biggest spot BTC exchange-traded fund with a internet asset of $80.58 billion below administration.
