Financial Services Titan JPMorgan Chase has more than $ 1 million in shares in Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFS).
According to a new submit With the US Securities and Exchange Commission (SEC), JPMorgan currently has just over $ 984,000 in Bitcoin-based ETFs and $ 32,300 on ETFs based on Ethereum, the second largest digital active active active of Market Cap.
The data reveals the remarkable ETFs that the bank giant has, including more than $ 523,000 on the Proshares Bitcoin ETF (Bito), for around $ 290,000 in BlackRock’s Ishares Bitcoin Trust ETF (IBIT), $ 68,000 on the Bitcoin ETF (BITB), $ 55,000 WORTH OF FIDELITY WISE Origin Bitcoin (FBTC) and $ 37,000 on the Grayscale Bitcoin Trust ETF (GBTC).
In terms of Ethereum, JPMorgan has for $ 23,800 on the Grayscale Ethereum Trust ETF (ETHE), $ 6,200 on the Ishares Ethereum Trust ETF (ETHA), $ 2,100 on the Fidelity Ethereum Fund (Feth) and $ 102 at the GrayCaleum mini. Trust ETF (ETH).
ETFs based on the top two crypto assets – which enable investors to expose themselves to BTC and ETH without actually having to buy them – were approved by the SEC in 2024 after years that they were refused.
In May 2024, the registrations with the SEC that JPMorgan kept $ 760,000 to Spot Market BTC ETFs on behalf of its customers, which marked an increase of more than $ 220,000.
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Generated image: midjourney