JPMorgan is adding to its Bitcoin holdings while dumping Ethereum.
The SEC’s latest 13F filing, submitted on November 12, shows that JPMorgan held $2.63 billion in crypto assets in the third quarter, up nearly $1 billion from the previous quarter.
Among them, its Bitcoin ETF (IBIT) position increased by 1 million shares, or 9.6%, to 11.4 million shares, worth about $540 million.
But its Ethereum ETF (ETHA) position was slashed from 1.169 million shares to just 399—a 99.97% reduction, essentially a complete exit.
Note that this is a snapshot of holdings as of September 30: $ETH was still at $2,677 then, and has now fallen to around $1,940.
If it hadn’t exited then, the position would be down nearly 30% by now—Morgan Stanley sold into the rally, rather than cutting losses after getting trapped.
The same institution added to $BTC and exited ETH; that divergence is more worth watching than the market action itself.
The backdrop fits, too: ETH ETFs have seen outflows for six consecutive trading days, totaling about $532 million, and the current price has fallen below the psychological $2,000 level.
📍Key levels / What signals to watch next
$BTC: $68,000 is the 200-week moving average; holding it is key to forming a bottom, while a break below points to $65,000. On a rebound, watch $71,000 first; reclaiming $75,157 (the 50-week moving average) would signal a trend reversal.
$ETH: $1,900 is the short-term line of defense; a break below points to $1,700. To turn things around, it first needs to reclaim $2,000.
Signals: After the U.S. market opens tonight, watch whether BTC ETF flows stabilize; November 14 is the 13F filing deadline, so watch how other major banks position themselves.
Do you think Morgan Stanley’s exit from ETH signals a bearish view on Ethereum, or is it simply rotating into BTC?
Analysis only; no positions held.
The above is personal analysis only and does not constitute investment advice.
#比特币 #以太坊 #ETF
The SEC’s latest 13F filing, submitted on November 12, shows that JPMorgan held $2.63 billion in crypto assets in the third quarter, up nearly $1 billion from the previous quarter.
Among them, its Bitcoin ETF (IBIT) position increased by 1 million shares, or 9.6%, to 11.4 million shares, worth about $540 million.
But its Ethereum ETF (ETHA) position was slashed from 1.169 million shares to just 399—a 99.97% reduction, essentially a complete exit.
Note that this is a snapshot of holdings as of September 30: $ETH was still at $2,677 then, and has now fallen to around $1,940.
If it hadn’t exited then, the position would be down nearly 30% by now—Morgan Stanley sold into the rally, rather than cutting losses after getting trapped.
The same institution added to $BTC and exited ETH; that divergence is more worth watching than the market action itself.
The backdrop fits, too: ETH ETFs have seen outflows for six consecutive trading days, totaling about $532 million, and the current price has fallen below the psychological $2,000 level.
📍Key levels / What signals to watch next
$BTC: $68,000 is the 200-week moving average; holding it is key to forming a bottom, while a break below points to $65,000. On a rebound, watch $71,000 first; reclaiming $75,157 (the 50-week moving average) would signal a trend reversal.
$ETH: $1,900 is the short-term line of defense; a break below points to $1,700. To turn things around, it first needs to reclaim $2,000.
Signals: After the U.S. market opens tonight, watch whether BTC ETF flows stabilize; November 14 is the 13F filing deadline, so watch how other major banks position themselves.
Do you think Morgan Stanley’s exit from ETH signals a bearish view on Ethereum, or is it simply rotating into BTC?
Analysis only; no positions held.
The above is personal analysis only and does not constitute investment advice.
#比特币 #以太坊 #ETF