The bank’s largest increase came through the iShares Bitcoin Trust (IBIT), where holdings surged 174% to 8.3 million shares. JPMorgan also sharply expanded positions in the Bitwise Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and ProShares Bitcoin Strategy ETF. The bank additionally increased its exposure to Ethereum-linked ETFs, including the iShares Ethereum Trust.
JPMorgan Grows Crypto ETF Exposure
JPMorgan Chase expanded its exposure to crypto-linked exchange-traded funds (ETFs) during the first quarter of 2026, despite the downturn in digital asset prices. According to the bank’s latest 13F filing, its largest increase came through the BlackRock spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), where holdings surged by approximately 174%.
BTC’s price action over the past 6 months (Source: CoinCodex)
The bank raised its IBIT position from roughly 3 million shares in the fourth quarter of 2025 to around 8.3 million shares by the end of Q1 2026. Based on filing data, the increase represented approximately $162 million in added value, even though Bitcoin declined more than 22% during the quarter.
The bank also sharply increased its stake in the Bitwise Bitcoin ETF (BITB), and boosted its holdings from 4,872 shares to 48,258 shares. This was an almost 900% increase and added roughly $1.51 million in reported value.
Exposure to the Fidelity Wise Origin Bitcoin Fund (FBTC) also climbed from 3,996 shares to 22,196 shares, an increase of about 450% worth nearly $980,000.
In addition to this, JPMorgan expanded its position in the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures ETF. Holdings in BITO jumped from just 40 shares to 1,302 shares, which is a gain of more than 3,000%.
Beyond Bitcoin, the bank also adjusted positions across several altcoin-linked ETF products. JPMorgan initiated its first reported position in the Bitwise Solana Staking ETF (BSOL) by purchasing 47,460 shares valued at approximately $523,000. The filing also showed growing confidence in Ethereum investment products, with the bank increasing its stake in the iShares Ethereum Trust (ETHA) by around 36% to 266,734 shares. Holdings in the Bitwise Ethereum ETF (ETHW) also increased.
ETH’s price action over the past 6 months (Source: CoinCodex)
However, JPMorgan’s activity was not uniformly bullish across all crypto assets. The bank completely exited its position in the Bitwise XRP ETF, and reduced holdings from 3,870 shares to zero by the end of the quarter.
JPMorgan reduced holdings in Robinhood Markets, Coinbase, Galaxy Digital, and Bitdeer Technologies Group. At the same time, the bank increased exposure to Block, MARA Holdings, Core Scientific, and PayPal.
Source: https://coinpaper.com/17024/jp-morgan-loads-up-on-bitcoin-and-ethereum-et-fs-in-q1
