18-2-2025 – Global banking giant JPMorgan Chase has substantially expanded its cryptocurrency exchange-traded fund (ETF) portfolio, according to fresh regulatory filings that reveal investments exceeding $1 million across various digital asset funds.
Documents submitted to the US Securities and Exchange Commission show the banking behemoth has committed approximately $984,000 to Bitcoin ETFs and $32,300 to Ethereum ETFs, marking a significant step into the digital asset space by one of the world’s most influential financial institutions.
The bank’s Bitcoin ETF holdings are diversified across several major funds, with the lion’s share allocated to ProShares Bitcoin ETF at $523,000, followed by a $290,000 investment in BlackRock’s iShares Bitcoin Trust ETF. Additional positions include $68,000 in the Bitwise Bitcoin ETF, $55,000 in Fidelity’s offering, and $37,000 in Grayscale’s fund.
In the Ethereum sector, JPMorgan has taken positions including $23,800 in Grayscale’s ETF, $6,200 in iShares Ethereum Trust, and $2,100 in Fidelity’s Ethereum Fund, with a smaller $102 stake in Grayscale’s mini trust.
The latest figures represent a 30% increase from the bank’s May 2024 positions, demonstrating growing institutional confidence in cryptocurrency investment vehicles.
Meanwhile, rival Goldman Sachs has made an even bolder move, with holdings now reaching approximately $1.27 billion in BlackRock’s Bitcoin ETF alone, alongside a substantial $288 million position in Fidelity’s offering. These investments represent increases of 88% and 105% respectively from the previous quarter.
However, the broader digital asset market has faced headwinds in early 2025, with investment products experiencing their first significant outflows this year. Industry data indicates withdrawals of approximately $415 million last week, primarily from Bitcoin-related products, as investors digest recent comments from Federal Reserve Chairman Jerome Powell suggesting a more measured approach to interest rate reductions.
“The timing of potential rate cuts remains uncertain, and the market is adjusting its expectations accordingly,” said Marcus Thompson, a New York-based digital asset analyst at Wellington Capital. “Nevertheless, major banks’ increasing exposure to crypto ETFs signals growing mainstream acceptance of digital assets as a legitimate investment class.”
