JPMorgan has reported that it holds shares of several Bitcoin ETFs
US-based financial company JPMorgan Chase has unveiled Bitcoin (BTC) exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity.
In a May 10 filing with the US Securities and Exchange Commission (SEC), JPMorgan Chase said it owns the ProShares Bitcoin Strategy ETF (BITO), BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (reported holdings of nearly $760,000 in shares. FBTC), Grayscale Bitcoin Trust. (GBTC) and the Bitwise Bitcoin ETF. Additionally, the bank reported 25,021 shares in Bitcoin Depot, a crypto ATM provider, valued at approximately $47,000.
The SEC filing comes on the same day that Wells Fargo reported exposure to Grayscale and ProShares Bitcoin ETFs through its holdings and Bitcoin Depot. Susquehanna International Group reported on May 7 that it bought more than $1 billion worth of shares during the first quarter of 2024.
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JPMorgan Chase is the largest bank in the US by assets under management of approximately $2.6 trillion. The SEC added that observers should not assume that information provided by a financial institution is “accurate and complete.”
The SEC approved the listing and trading of Bitcoin ETFs on US exchanges in January. Many experts expect the Commission to decide on the exchange rate for Spot Ether (ETH) when the May 23 deadline for the application submitted by asset manager VanEck arrives.
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