JPMorgan Boosts Bitcoin ETF Holdings in Q1

Key Takeaways:

• JPMorgan increased its stake in BlackRock’s IBIT by 174% during the first quarter of 2026.
• The bank also expanded positions in Bitcoin ETFs from Fidelity, Bitwise, and ProShares.
• JPMorgan added exposure to Solana and Ethereum ETFs while fully exiting its XRP ETF position.

As per its latest regulatory filings, JPMorgan Chase significantly increased its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026. The biggest move came in BlackRock’s iShares Bitcoin trust, where JPMorgan raised its holdings from roughly 3 million shares to 8.3 million shares in Q4 2025. The expanded position added approximately $162 million in reported value, even as Bitcoin declined more than 22% during the quarter.

Broader Bitcoin ETF Exposure Rises

JPMorgan also sharply increased its holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC) and Bitwise Bitcoin ETF (BITB). The BITB stake jumped nearly 900% (adding $1.51 million in reported value) while its FBTC position rose about 450% (worth about $980,000 in added value. The bank also expanded its holdings in ProShares Bitcoin Strategy ETF by more than 3,000%, signaling broad confidence in crypto-linked investment products despite market volatility.

Solana and Ethereum Experience Boost

Beyond Bitcoin, JPMorgan initiated a new position in the Bitwise Solana Staking ETF and increased holdings in Ethereum-focused funds, including iShares Ethereum Trust. However, the bank fully exited its position in the Bitwise XRP ETF (XRP) from 3,870 shares to zero. JPMorgan also modestly increased its stake in Strategy, while adjusting positions in several crypto-related equities.