Global banking behemoth JPMorgan Chase has disclosed its increased exposure to the world’s largest cryptocurrency through 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 figure represents a sharp 64% increase in the firm’s exposure to spot Bitcoin exchange-traded funds.

JPMorgan’s IBIT holdings, which were worth about $333 million as of September 30, are now valued at around $312 million. While the bank’s expanded position places it amongst one of the major institutional holders of BlackRock’s Bit

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