Key Notes

The banking giant's accelerated accumulation of IBIT shares demonstrates growing institutional appetite for cryptocurrency exposure.

Dimon's transformation from calling Bitcoin a "fraud" to embracing it reflects the legitimizing impact of regulated ETF products.

JPMorgan's strategic pivot coincides with Bitcoin maintaining support above $100,000 despite recent market volatility.

JPMorgan Chase recently disclosed holding 5.28 million shares of Blackrock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), a 64% increase over its previously reported holdings in June.

According to the New York-based fintech firm’s most recent 13F-HR Institutional investment manager holdings report , published on the SEC website on Nov. 7, as of Sept. 30, the firm’s IBIT shares were w

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