JPMorgan reported a 25% increase in its position in BlackRock’s Bitcoin exchange-traded fund (ETF) and more than quadrupled its position in the iShares Ethereum Trust ETF, according to its latest securities filing with the US Securities and Exchange Commission.
### DATES
– Second quarter of unspecified year
### KEY FACTS
– JPMorgan’s position in BlackRock’s iShares Bitcoin Trust ETF rose from 8.3 million shares to about 10.4 million shares, with a reported value of roughly $356 million.
– The iShares Ethereum Trust ETF (ETHA) saw its position increase from approximately 267,000 shares to around 1.17 million shares.
### QUOTATIONS
– Jonatan Randin: “It gives you some idea of what they are doing but not their opinion about the future direction of a specific market.”
– Jonatan Randin: “From my point of view this adds credibility to the regulatory improvements surrounding XRP.”
### UNCERTAINTIES
None.
Written by Oliver Grant
Markets Desk
