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JP Morgan holds several US spot bitcoin ETFs

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2024-05-10 22:43:24
US financial giant JPMorgan Chase has unveiled its holdings in a spot Bitcoin exchange-traded fund (ETF) offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity. According to a May 10 filing with the Securities Exchange Commission (SEC), JPMorgan reported that it holds about $760,000 worth of ProShares Bitcoin Strategy ETF (BITO), BlackRock's iShares Bitcoin Trust Fund (IBIT), Fidelity's Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC) and Bitwise Bitcoin ETF. In addition, the bank also reported that it holds 25,021 shares of Bitcoin Depot, a Bitcoin deposit machine provider, worth about $47,000. After the news was released, it attracted the attention of the market and also highlighted the gradual entry of financial giants into the cryptocurrency sector.
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