JPMorgan boosts Bitcoin ETF stake to $356M and adds XRP exposure amid mixed crypto ETF flows.
JPMorgan Chase increased its stake in Blackrock's spot Bitcoin ETF to $355.7 million in Q2 2026, more than doubling from Q1. The bank also re-entered XRP investments through Bitwise and Grayscale funds after previously exiting, while its Ethereum holdings grew significantly. This move contrasts with a $61 million outflow from U.S. spot Bitcoin ETFs during the same week, highlighting JPMorgan's bullish stance despite broader market volatility. Investors will watch JPMorgan's next filings to see if this accumulation trend continues.
JPMorgan Chase increased its stake in Blackrock's spot Bitcoin ETF to $355.7 million in Q2 2026, more than doubling from Q1. The bank also re-entered XRP investments through Bitwise and Grayscale funds after previously exiting, while its Ethereum holdings grew significantly. This move contrasts with a $61 million outflow from U.S. spot Bitcoin ETFs during the same week, highlighting JPMorgan's bullish stance despite broader market volatility. Investors will watch JPMorgan's next filings to see if this accumulation trend continues.
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