Forecast Trend Report by Period
JPMorgan significantly increased its investment in U.S. spot Bitcoin exchange-traded funds in the first quarter.
Cointelegraph reported on May 14 that a 13F filing submitted by JPMorgan on May 13 showed the bank held about 8.3 million shares of BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), in the first quarter. That was up 174% from about 3 million shares in the fourth quarter of 2025.
The filing showed the value of JPMorgan's IBIT holdings increased by about $162 million. The bank expanded its Bitcoin ETF exposure even as Bitcoin fell about 22% over the same period.
JPMorgan's buying extended beyond IBIT. Its holdings of Bitwise Bitcoin ETF (BITB) rose about 900% to 48,258 shares in the first quarter from 4,872 shares in the fourth quarter of 2025. The increase in value was about $1.51 million.
Over the same period, its holdings of Fidelity Wise Origin Bitcoin Fund (FBTC) climbed about 450% to 22,196 shares from 3,996 shares. The increase in value was about $980,000.
The bank also increased its exposure to Bitcoin futures ETFs. JPMorgan's holdings of the ProShares Bitcoin Strategy ETF (BITO) rose to 1,302 shares in the first quarter from 40 shares in the fourth quarter of 2025.
JPMorgan also raised its exposure to U.S. spot Ether ETFs. As of the first quarter, it held 266,734 shares of the iShares Ethereum Trust (ETHA), up about 36% from the previous quarter. Its holdings of Bitwise Ethereum ETF (ETHW) also increased sharply.
By contrast, the bank sharply reduced its XRP ETF exposure. JPMorgan cut its holdings of the Bitwise XRP ETF to zero shares in the first quarter from 3,870 shares previously.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
