JPMorgan Chase has significantly boosted its exposure to Bitcoin, increasing its holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) by 64%, according to new regulatory filings.
A Form 13F-HR filed on Nov. 7 revealed the banking giant purchased 2,067,134 additional IBIT shares, bringing its total holdings to 5,284,190 shares valued at roughly $343 million as of September 30, 2025. Previously, JPMorgan held 3.2 million shares worth about $302 million.
Data from Fintel and SoSoValue show that IBIT remains the world’s largest spot Bitcoin ETF, with more than $80 billion in total assets and cumulative net inflows exceeding $64.5 billion. The bank’s increased stake follows its June decision to accept Bitcoin ETFs as collateral, signaling a stronger institutional embrace of the crypto market.
JPMorgan’s buying spree coincides with a recovery in U.S. spot Bitcoin ETF inflows. On Nov. 6, the market recorded $240 million in net inflows, breaking a six-day losing streak that saw over $2 billion withdrawn.
Despite Bitcoin’s recent pullback from $116,000 to $98,900, JPMorgan maintains a bullish outlook, projecting BTC could reach $170,000 within the next 6–12 months. At press time, Bitcoin traded around $102,500.
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