JPMorgan Crypto Asset Exposure Approaches $1 Billion

JPMorgan Chase holds approximately $981 million in assets linked to the cryptocurrency market. This figure appears in the 13F form submitted by the bank to the Securities and Exchange Commission with data as of September 30.

The majority of the amount is allocated to BlackRock's iShares Bitcoin Trust. The institution reported owning more than 11 million shares of this ETF, totaling approximately $540 million. This volume represents an increase of nearly 10% compared to the previous quarter.

The bank also expanded its stake in MicroStrategy, a company focused on Bitcoin treasury. The position rose 36% during the period and reached a market value of $131.3 million. The digital asset portfolio also includes $301 million in shares of the exchange Coinbase.

When adding holdings in companies like Robinhood and Bitcoin miners, the total invested exceeds the $1 billion mark. The document also details options linked to ETFs and companies in the sector. These positions usually serve to facilitate client trades or risk hedging strategies.

This move occurs despite public criticism from the bank's leadership regarding the nature of digital assets. The institution continues to expand services like JPM Coin and explores the tokenization of stocks in partnership with major global asset managers.