4 months ago
In its caller 13F form, JPMorgan reported $1 cardinal successful crypto vulnerability done exchange-traded funds (ETF) arsenic of Dec. 31.
This is astir 69% much than the $595,326 it reported astatine th extremity of the 3rd 4th of 2024.
According to the filing with the US Securities and Exchange Commission (SEC), JPMorgan’s vulnerability to Bitcoin (BTC) via ETFs is worthy $964,322, astir 71% larger than the $595,326 magnitude antecedently reported.
The accepted fiscal instauration added $65,881 worthy of Bitwise’s BITB shares to its holdings and 50 shares of Franklin Templeton’s EZBC worthy little than $3,000.
Meanwhile, JPMorgan accrued the fig of Fidelity’s FBTC shares by 208% to 658, worthy $53,719.
Additionally, the study revealed a simplification successful vulnerability to Grayscale BTC products. JPMorgan chopped the 3,695 shares it held from Grayscale’s GBTC and mini spot to 492, which are present worthy $36,418.
The summation successful JPMorgan’s BTC vulnerability via ETFs is related to BlackRock’s IBIT. The study showed 5,242 shares of IBIT, present worthy $278,094, up from 387.
JPMorgan’s vulnerability via ProShares’ Bitcoin futures ETF BITO grew to $527,502 successful the latest 13F signifier contempt shedding implicit 2,000 money shares. The summation successful the dollar-denominated vulnerability is related to BTC’s terms increase.
ETH vulnerability remains the same
Despite the summation successful Bitcoin exposure, JPMorgan holds conscionable $39,569 worthy of Ethereum (ETH) ETF shares. This is 29% larger than the $30,705 held arsenic of Sept. 30.
The fiscal instauration present holds 300 shares of BlackRock’s ETHA, worthy $7,587, and 80 shares of Fidelity’s FETH, worthy $2,673.
Furthermore, JPMorgan besides toned down its vulnerability to Grayscale ETH products, reducing its holdings from 4,246 shares to 1,050 shares betwixt quarters. As of Dec. 31, the full held was worthy $29,435.
The station JPMorgan increases crypto holdings via ETFs, but stays cautious astatine $1 million appeared archetypal connected CryptoSlate.
English (US) 