CryptoBitcoinJPMorgan and Goldman Sachs Expand Bitcoin ETF Holdings Amid Market Uncertainty

JPMorgan and Goldman Sachs Expand Bitcoin ETF Holdings Amid Market Uncertainty

JPMorgan Chase has significantly increased its exposure to Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC). The financial giant now holds $984,000 in Bitcoin ETFs and $32,300 in Ethereum ETFs across multiple funds.

Among its Bitcoin ETF investments, JPMorgan has allocated:

  • $523,000 to ProShares Bitcoin ETF (BITO)
  • $290,000 to BlackRock’s iShares Bitcoin Trust ETF (IBIT)
  • $68,000 to Bitwise Bitcoin ETF (BITB)
  • $55,000 to Fidelity Wise Origin Bitcoin ETF (FBTC)
  • $37,000 to Grayscale Bitcoin Trust ETF (GBTC)

For Ethereum ETFs, the bank’s holdings include:

  • $23,800 in Grayscale Ethereum Trust ETF (ETHE)
  • $6,200 in iShares Ethereum Trust ETF (ETHA)
  • $2,100 in Fidelity Ethereum Fund (FETH)
  • $102 in Grayscale Ethereum Mini Trust ETF (ETH)

This represents a 30% increase from May 2024, when JPMorgan reported $760,000 in Bitcoin ETF holdings.

Goldman Sachs Doubles Down on Bitcoin ETFs

JPMorgan’s move is part of a broader trend of institutional adoption. Goldman Sachs has also significantly expanded its exposure, now holding $1.27 billion in BlackRock’s iShares Bitcoin Trust ETF (IBIT), amounting to 24,077,861 shares. The bank has also disclosed a $288 million stake in Fidelity Wise Origin Bitcoin ETF (FBTC), with 3,530,486 shares.

Compared to the previous quarter, Goldman Sachs’ Bitcoin ETF holdings have surged 88%, while its FBTC stake has grown 105%.

Crypto Funds See First Major Outflows of 2025

Despite growing institutional investment, digital asset funds experienced their first major outflows of the year, with investors pulling $415 million last week. The majority of these losses—$430 million—came from Bitcoin-based investment products, including spot ETFs.

According to CoinShares Head of Research James Butterfill, the sell-off was driven by Federal Reserve Chairman Jerome Powell’s cautious stance on interest rate cuts.

“The U.S. central bank need not be in a hurry to cut rates,” Powell stated, reinforcing investor concerns that looser monetary policy may take longer than expected.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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