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The bank disclosed a $343 million stake in iShares Bitcoin Trust, signaling continued institutional demand for bitcoin exposure
Nov 7, 2025, 6:06 p.m.
JPMorgan CEO Jamie Dimon
What to know:
- JPMorgan Chase & Co increased its stake in the iShares Bitcoin Trust ETF (IBIT) to 5.28 million shares worth $343.47 million, up 64.26% from the previous quarter.
- The move follows the bank’s research suggesting Bitcoin’s fair value could reach $170,000, reflecting growing institutional confidence in digital assets.
JPMorgan Chase & Co (JPM) has significantly increased its stake in the iShares Bitcoin Trust ETF (IBIT), reporting a 64.26% rise in ownership, according to Fintel data.
According to its latest 13F-HR filing dated Nov. 7, the bank now holds 5,284,190 shares valued at approximately $343.47 million as of Sept. 30.
This marks a substantial increase from the 3,217,056 shares reported in its previous August filing, which were valued at $302.57 million.
The disclosure follows the bank’s recent analysis suggesting bitcoin’s fair value could reach $170,000 based on its gold parity valuation model, underscoring a bullish long-term outlook for the cryptocurrency.
IBIT gained 1.5% on the day trading at $58 per share, as bitcoin rises above $102,000.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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