JPMorgan’s Bitcoin and Crypto-Linked Holdings Approach $1 Billion
Summary
JPMorgan reported nearly $981 million in crypto-linked holdings as of Sept. 30, including about $549 million in spot Bitcoin ETFs, $131 million in Strategy shares and $301 million in Coinbase. Stakes in Robinhood and Bitcoin miners, plus options positions, push its exposure above $1 billion. The bank increased its IBIT and Strategy holdings during the third quarter. The filing is only a snapshot and may reflect hedging or client activity rather than a directional bet. The disclosure contrasts with CEO Jamie Dimon’s longstanding criticism of Bitcoin, as JPMorgan expands digital-asset services. Since quarter-end, spot Bitcoin ETFs have seen substantial outflows and Bitcoin has fallen below $69,000.
