The largest U.S. bank, with assets of $2.6 trillion, disclosed to the SEC that it had acquired shares of Bitcoin ETFs for about $760,000. JPMorgan Chase, a financial firm with headquarters in the United States, has revealed holdings in Bitcoin and exchange-traded funds provided by Bitwise, BlackRock, ProShares, Grayscale, and Fidelity.
The ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), and the Bitwise Bitcoin ETF were among the approximately $760,000 worth of shares that JPMorgan Chase disclosed holding in a May 10 filing with the U.S. Securities and Exchange Commission (SEC). Furthermore, the bank disclosed holdings in Bitcoin Depot, a cryptocurrency ATM provider, totaling 25,021 shares, or about $47,000.
The Wells Fargo report on its exposure to Grayscale and ProShares Bitcoin ETFs in its holdings and Bitcoin Depot coincided with the SEC filing. On May 7, Susquehanna International Group announced that during the first quarter of 2024, it had bought shares of the spot cryptocurrency ETFs for more over $1 billion. With around $2.6 trillion in assets, JPMorgan Chase is the biggest bank in the United States.
The SEC went on to say that viewers shouldn’t presume that the financial firm’s information was “accurate and complete.” In January, the SEC gave its approval for spot Bitcoin ETFs to be listed and traded on American exchanges. Many analysts anticipate that the commission will make an immediate Ether decision . exchange-traded funds by May 23, when an application from asset manager VanEck reaches its final deadline.