- JPMorgan increased its holdings in IBIT, BlackRock’s spot Bitcoin ETF, by roughly 175%.
- It already reported owning more than 5.28 million IBIT shares, worth about $343 million.
- IBIT holds 49% of all US spot Bitcoin ETF assets, and has around $64 billion in net assets.
JPMorgan Chase has reportedly increased its holdings in BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), to about 8.3 million shares in Q1 2026. This represents a roughly 175% jump from its previous stake.
The news is yet another major sign that institutions are gaining exposure to Bitcoin via regulated ETFs. It’s especially interesting given that JPMorgan wasn’t particularly keen on Bitcoin in the past.
The increase follows a trend from late 2025, when JPMorgan already reported owning more than 5.28 million IBIT shares worth about $343 million.
Back then, analysts saw it as a major shift for a bank long known for its skepticism toward Bitcoin. Now, the increase to 8.3 million shares suggests that JPMorgan is giving clients more crypto access, and spot ETFs are becoming a regular part of traditional portfolios.
Why IBIT Matters So Much
Since launching in January 2024, BlackRock’s IBIT has become the dominant force in the US spot Bitcoin ETF market.
Recent numbers show IBIT holds about 49% of all US spot Bitcoin ETF assets. It also had around $64 billion in net assets and a cumulative net inflow of $65.7B.
IBIT has become the primary gateway for institutions to gain exposure to Bitcoin. For a lot of banks and asset managers, ETFs sidestep the headaches of directly holding crypto, while still allowing participation in Bitcoin’s price moves.
A Big Shift in JPMorgan’s Stance
The announcement is notable considering that JPMorgan CEO Jamie Dimon has spent years bashing Bitcoin.
Previously, he has called Bitcoin a fraud and voiced worries about it being used for crime, calling it a Ponzi scheme as well.
Despite that rhetoric, JPMorgan has steadily expanded crypto-related operations, including Bitcoin ETF holdings, blockchain settlement projects, tokenized asset pilots, and stablecoin payment systems.
In fact, other major financial firms such as Morgan Stanley and Goldman Sachs have done the same.
How this will reflect on the current Bitcoin price is yet to be seen. The king of cryptocurrencies has recently dipped below $80,000, recording roughly a 1.75% decrease in the last 7 days.
Related: JPMorgan Files JLTXX Tokenized Treasury Fund on Ethereum
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