🏦 JPMorgan holds nearly $1 billion in crypto-related stocks and funds, despite CEO Jamie Dimon once calling Bitcoin worthless.
📌 According to its 13F filing with the SEC, as of September 30, the bank held about $981 million, including $540 million in BlackRock’s IBIT shares (up 9.6% in share count from the previous quarter).
📌 JPMorgan increased its stake in Strategy by 36% to 848,932 shares (about $131.3 million) and holds approximately $301 million in Coinbase stock ($COIN ).
Institutional money continues to flow into spot Bitcoin ETFs, bolstering bullish sentiment for $BTC , even though this is primarily hedging activity and supports client trading.
💬 Do you think this move by JPMorgan signals genuine institutional FOMO, or is it simply an operational decision?
#Bitcoin #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 According to its 13F filing with the SEC, as of September 30, the bank held about $981 million, including $540 million in BlackRock’s IBIT shares (up 9.6% in share count from the previous quarter).
📌 JPMorgan increased its stake in Strategy by 36% to 848,932 shares (about $131.3 million) and holds approximately $301 million in Coinbase stock ($COIN ).
Institutional money continues to flow into spot Bitcoin ETFs, bolstering bullish sentiment for $BTC , even though this is primarily hedging activity and supports client trading.
💬 Do you think this move by JPMorgan signals genuine institutional FOMO, or is it simply an operational decision?
#Bitcoin #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).