JPMorgan Bank increased its stake in the Bitcoin ETF by 64%

JPMorgan Chase's stake in the BlackRock-owned iShares Bitcoin Trust ETF increased by 64.26%.
According to the Form 13F-HR filed on November 7, the bank purchased 2,067,134 shares of IBIT, the world's largest Bitcoin ETF by net assets, which, according to SoSoValue data, exceeds $1 billion, while the total net cash flow currently exceeds $64.5 billion.
According to Fintel, as of September 30, 2025, JPMorgan's assets grew to 5,284,190, leading to a significant increase in the bank's Bitcoin ETF asset value to $E0 million. Previously, the bank reported that its assets consisted of 3,217,056 shares valued at approximately $E0 million.
Interestingly, JPMorgan's Chairman and CEO, Jamie Dimon, has repeatedly expressed disdain for the idea that cryptocurrencies are not real currencies, even calling Bitcoin a "scam," and claiming that the U.S. government should "ban it." Since then, Dimon has significantly softened his stance.
The bank's statement regarding its increased stake in BTC funds came amid a halt in the US ETF funds' six-day streak of outflows. On November 6, issuers attracted $E0 million. While investors received nearly $E0 million, making it a leading trading day.
The net cash flow day ended a series of failures, with more than $E0 billion withdrawn from US Bitcoin ETFs from October 29 to November 5.