The post JPMorgan Raises BlackRock Bitcoin ETF Stake by 175% appeared first on Coinpedia Fintech News
JPMorgan Chase increased its holdings in iShares Bitcoin Trust by 175% to 8.3 million shares, according to a new SEC filing, highlighting continued institutional demand for regulated crypto exposure despite longstanding skepticism from CEO Jamie Dimon toward Bitcoin. The position is valued near $400 million and reflects growing client appetite for spot Bitcoin ETFs as traditional financial firms deepen involvement in digital assets. Investors are now watching whether broader Wall Street adoption can support Bitcoin prices amid volatile macroeconomic conditions.