JPMorgan’s quarterly 13F filings show that it held roughly $981 million in crypto-linked assets as of September 30 across spot bitcoin ETFs, Strategy and Coinbase. Including stakes in Robinhood and bitcoin miners, the total likely exceeds $1 billion. Its largest exposure is a $540 million position in BlackRock’s IBIT, while its holding in Strategy increased by 36% to 848,932 shares. These assets may be used to hedge positions or facilitate client transactions and do not necessarily represent a bullish bet on bitcoin. The disclosure comes after spot bitcoin ETFs recorded more than $1.4 billion in outflows over five days amid a decline in the digital asset’s price.
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