JPMorgan Boosts Bitcoin ETF Holdings by 175% as BTC Falls Below $80K

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JPMorgan Boosts <a href="https://jpykr.com/btc-usd/">Bitcoin</a> ETF Holdings by 175% as <a href="https://pricpr.com/btc-usd/">BTC</a> Falls Below $80K

In early 2026, JP Morgan, a major financial services firm, significantly increased its investment in the BlackRock IBIT Bitcoin ETF. They now hold 8.3 million shares, a 175% jump from the previous quarter.

Despite investors selling off $635 million in Bitcoin ETFs on May 13th, JPMorgan was steadily increasing its Bitcoin holdings.

JPMorgan Increased IBIT Holdings by 175%

JPMorgan significantly increased its investment in the BlackRock iShares Bitcoin Trust (IBIT). Their latest filings show they grew their holdings from around 3 million shares at the end of December 2025 to almost 8.3 million shares in the first quarter of 2026 – an increase of about 175%.

Despite a more than 22% drop in Bitcoin’s value this quarter, our increased investment actually gained almost $162 million, according to our filings.

Based on today’s prices, JPMorgan’s investment in IBIT is currently valued at around $390 to $400 million.

The documents revealed the company is increasing its investments in cryptocurrencies, including Ethereum and Solana, as well as stocks related to crypto mining and other digital asset investments.

Jamie Dimon’s Bitcoin Stance Continues Shifting

This new document is particularly interesting because Jamie Dimon, the CEO of JPMorgan, has long been a vocal skeptic of Bitcoin within the financial world.

Jamie Dimon has often publicly criticized cryptocurrencies, previously labeling Bitcoin a “fraud” and a “scam”.

However, despite the criticism, JPMorgan has steadily expanded crypto-related services since 2020.

Bitcoin ETF Exposure Expands Beyond BlackRock

JPMorgan has been investing more in various Bitcoin ETFs. They significantly increased their stake in the Fidelity Wise Origin Bitcoin Fund (FBTC), with holdings jumping around 450%. Their investment in the Bitwise Bitcoin ETF (BITB) saw an even larger increase, nearly tripling in size.

The bank significantly increased its stake in the ProShares Bitcoin Strategy ETF (BITO), seeing a rise of over 3,000%. It’s important to note that BITO doesn’t directly hold Bitcoin itself, but instead invests in Bitcoin futures contracts.

This rapid growth is happening at a particularly unsteady time for cryptocurrency in 2026, hinting that large financial institutions might see the current low Bitcoin prices as a chance to invest for the future, instead of being discouraged by them.

Even though some money has recently left Bitcoin ETFs and the price dropped below $80,000, most institutions still seem committed to investing in Bitcoin for the long term using official, regulated investment options.

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2026-05-14 15:10