JPMorgan Increases Investment in Spot Bitcoin ETF

According to Foresight News, JPMorgan has significantly increased its investment in the spot Bitcoin ETF during the third quarter. The financial institution disclosed in its 13F filing that it has added approximately 2.07 million shares to its holdings in the iShares Bitcoin Trust, managed by BlackRock. As of September 30, JPMorgan's total holdings in the iShares Bitcoin Trust reached 5.28 million shares, with a valuation of approximately $333 million at the end of the quarter. Currently, the valuation stands at around $312 million, marking a 64% increase from the 3.22 million shares held in June.