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JPMorgan Clients Lifted Spot Bitcoin ETF Holdings in Q3

The bank disclosed ownership of nearly 5.3 million shares of IBIT as of September 30, up 64% from the previous quarter.

By James Van Straten, AI Boost|Edited by Nikhilesh De
Updated Nov 7, 2025, 7:20 p.m. Published Nov 7, 2025, 6:06 p.m.
JPMorgan CEO Jamie Dimon (CoinDesk Archives)
JPMorgan CEO Jamie Dimon

What to know:

  • JPMorgan reported ownership of nearly 5.3 million shares of BlackRock's spot bitcoin ETF (IBIT) worth $343 million at the end of the third quarter.
  • That's up 64% from the number of shares held one quarter earlier.

JPMorgan's brokerage clientele lifted their bets on bitcoin BTC$68,819.74 in the third quarter, with the bank — in a regulatory filing Friday — disclosing ownership of 5.284 million shares of BlackRock's iShares Bitcoin ETF (IBIT) as of Sept. 30.

Those shares were worth $343 million as of the end of the quarter. The bank held 3.2 million shares worth $302.6 million as of the end the second quarter.

The bank earlier this week put out a bullish note on bitcoin, suggesting the price could reach $170,000 within 12 months from the current $102,000.

Correction (Nov 7, 2025, 19:10 UTC): An earlier version of this story suggested the bank owned IBIT for its own account.

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