JPMorgan’s Bitcoin and Crypto-Linked Holdings Approach $1 Billion

JPMorgan Chase reported nearly $981 million in holdings linked to crypto in its latest quarterly filing, with the total likely exceeding $1 billion when stakes in Robinhood and Bitcoin miners are included. The disclosure shows the scale of the bank’s activity in crypto markets, despite CEO Jamie Dimon’s repeated criticism of Bitcoin and crypto.

As of 30 September, its largest holding was about $540 million in BlackRock’s spot Bitcoin ETF, IBIT; combined holdings in spot Bitcoin ETFs were around $549 million. JPMorgan also reported roughly $131 million in Strategy shares and $301 million in Coinbase, alongside options linked to IBIT and Strategy. The filing is a quarter-end snapshot and positions may reflect hedging or client trading rather than a bet on prices; since then, spot Bitcoin ETFs have seen more than $1.4 billion in outflows over five days, and Bitcoin has fallen below $69,000.