TL;DR:
- JPMorgan increased its exposure to BlackRock’s Bitcoin ETF (IBIT) by 174%, growing from 3 million to 8.3 million shares in Q1 2026.
- The bank also expanded its positions in Fidelity and Bitwise ETFs, and debuted in a Solana-linked fund, according to its 13F filing.
- In contrast, JPMorgan fully liquidated its exposure to Bitwise’s XRP ETF and reduced its holdings in Coinbase, Galaxy Digital, and Robinhood.
JPMorgan Chase expanded its exposure to several exchange-traded funds linked to Bitcoin during the first quarter of 2026, according to a 13F filing. The most significant change recorded was a 174% increase in its position in BlackRock’s iShares Bitcoin Trust (IBIT), which grew from approximately 3 million shares in the fourth quarter of 2025 to 8.3 million, adding close to $162 million in value. It is worth noting that during the quarter, BTC ETFs recorded consistent outflows and the cryptocurrency retreated steadily.
Beyond IBIT, the bank increased its positions in the Fidelity Wise Origin Bitcoin Fund (FBTC), whose holdings grew approximately 450% — from 3,996 to 22,196 shares — and in the Bitwise Bitcoin ETF (BITB), which surged nearly 900%, from 4,872 to 48,258 shares. The bank also increased its exposure to the ProShares Bitcoin Strategy ETF (BITO), which tracks Bitcoin futures rather than holding BTC directly, with a jump from just 40 shares to 1,302, a variation exceeding 3,000%.
JPMorgan Steps Into Solana and Shuts the Door on XRP
In the altcoin market, the bank’s behavior was mixed. JPMorgan initiated a position in the Bitwise Solana Staking ETF (BSOL), purchasing 47,460 shares valued at around $523,000, marking its first investment in a product focused on Solana. Simultaneously, it increased its holdings in the iShares Ethereum Trust (ETHA) by 36%, to 266,734 shares, and expanded its position in the Bitwise Ethereum ETF (ETHW).
On the other hand, the document revealed the complete exit from its position in the Bitwise XRP ETF, which went from 3,870 shares to zero. In crypto equities, the bank cut its holdings in Coinbase, Galaxy Digital, Robinhood Markets, and Bitdeer Technologies Group, while increasing its exposure to Block, MARA Holdings, Core Scientific, and PayPal. It also slightly increased its position in Strategy, the world’s largest public holder of Bitcoin.
