JPMorgan Increases Bitcoin ETF Holdings in Q1, Led by BlackRock’s IBIT

JPMorgan Chase increased its exposure to several Bitcoin ETFs during the first quarter of 2026, with the biggest increase tied to BlackRock’s iShares Bitcoin Trust (IBIT), according to a new regulatory filing.

The bank raised its IBIT holdings by 174%, increasing its position from nearly 3 million shares in late 2025 to 8.3 million shares in the first quarter. Based on filing data, the move added around $162 million in reported value, even as Bitcoin declined more than 22% during the same period.

The latest filing suggests JPMorgan continued building selective crypto linked exposure despite a difficult quarter for digital assets and weaker market sentiment.

Bitcoin ETF Investments Grow Across Multiple Funds

Beyond BlackRock’s IBIT, JPMorgan expanded positions in several major Bitcoin ETF products.

The bank significantly increased holdings in the Fidelity Wise Origin Bitcoin Fund (FBTC), growing its position by about 450%. Its investment in the Bitwise Bitcoin ETF (BITB) also surged nearly 900%, rising from fewer than 5,000 shares to over 48,000 shares.

JPMorgan also sharply boosted exposure to the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures-based product, increasing holdings by more than 3,000%.

Mixed Strategy Across Ethereum, Solana and XRP

The bank also adjusted positions in altcoin-related ETFs during the quarter.

JPMorgan opened a new position in the Bitwise Solana Staking ETF (BSOL), purchasing 47,460 shares worth around $523,000. It also increased exposure to Ethereum-related funds, including BlackRock’s iShares Ethereum Trust (ETHA).

However, the bank fully exited its XRP-linked ETF position, reducing holdings in the Bitwise XRP ETF to zero.

Outside ETFs, JPMorgan slightly raised its position in Strategy, the largest public corporate Bitcoin holder, while trimming investments in crypto-related companies such as Coinbase, Robinhood and Galaxy Digital.