JPMorgan Boosts Blackrock Bitcoin ETF, Strategy, Coinbase Exposure

JPMorgan’s latest securities filing shows expanded holdings of Strategy, Blackrock’s bitcoin ETF, and Coinbase at the end of September. JPMorgan’s reported exposure to the public crypto market grew during the third quarter, with the banking giant increasing its holdings in bitcoin treasury company Strategy while adding to its stockpile of Blackrock’s iShares Bitcoin Trust ETF. The bank and its affiliated investment entities held 848,932 Strategy (MSTR) shares worth about $131.3 million as of Sept. 30, according to its latest Form 13F . That was up roughly 36% from 624,387 shares three months earlier. The filing offers another sign that bitcoin exposure is becoming embedded across traditional investment portfolios. Still, the positions do not necessarily represent a single proprietary bet by JPMorgan.

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