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- JPMorgan increased its IBIT holdings by 174% during Q1 2026.
- The bank expanded exposure to Bitcoin, Ethereum, and Solana ETFs despite market weakness.
- JPMorgan exited XRP ETF positions while adjusting crypto-related stock holdings.
JPMorgan Chase sharply increased its exposure to Bitcoin exchange-traded funds in the first quarter of 2026, even as the broader crypto market struggled through a steep correction.
According to the bank’s latest 13F filing, JPMorgan raised its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by roughly 174%, growing its position from around 3 million shares in the previous quarter to 8.3 million shares.
The move came during a difficult period for Bitcoin, with the cryptocurrency falling more than 22% in Q1. Despite that decline, JPMorgan added an estimated $162 million in reported value to its IBIT holdings, signaling continued institutional interest in crypto investment products even during market weakness.
JPMorgan Expands Across Multiple Bitcoin ETFs
The filing also revealed broader growth in the bank’s exposure to spot Bitcoin ETFs beyond IBIT. JPMorgan significantly increased its stake in the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Bitwise Bitcoin ETF (BITB).
Its BITB holdings jumped nearly 900%, while its FBTC exposure climbed around 450% compared to the previous quarter. The bank also boosted its position in the ProShares Bitcoin Strategy ETF (BITO), a Bitcoin futures-based ETF, by more than 3,000%, though from a relatively small base.
The expansion stands out because it happened during a quarter marked by heavy volatility, weaker Bitcoin prices, and net outflows from US spot Bitcoin ETFs. Analysts say the moves may reflect a long-term institutional strategy rather than short-term market positioning.
Ethereum and Solana Exposure Grows
JPMorgan’s filing also highlighted growing interest in alternative crypto investment products.
The bank initiated a new position in the Bitwise Solana Staking ETF (BSOL), marking its first reported investment tied to a Solana-focused ETF. It also expanded holdings in Ethereum-related products, including the iShares Ethereum Trust (ETHA) and the Bitwise Ethereum ETF (ETHW).
At the same time, the bank exited its position in the Bitwise XRP ETF, reducing its exposure to XRP-linked products to zero during the quarter.
Crypto Stock Holdings Show Mixed Strategy
Outside ETFs, JPMorgan adjusted several crypto-related equity positions. The bank modestly increased exposure to Strategy, the largest public corporate Bitcoin holder.
It also added shares in MARA Holdings, Core Scientific, Block, and PayPal.
Also Read: JPMorgan Files Ethereum-Based Tokenized Fund for Stablecoin Reserves
Meanwhile, the bank reduced positions tied to Coinbase, Robinhood Markets, Galaxy Digital, and Bitdeer Technologies Group.
JPMorgan’s latest filing suggests large financial institutions continue to build selective exposure to crypto assets despite ongoing market volatility. The aggressive increase in Bitcoin ETF holdings, alongside new investments tied to Ethereum and Solana, reflects growing institutional confidence in regulated digital asset products even during periods of declining prices.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
