JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing.
The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday, covers holdings as of June 30 and includes 17 other investment managers across JPMorgan.
That makes it difficult to determine whether individual positions reflect a directional market view, Jonatan Randin, senior market analyst at PrimeXBT, told Cointelegraph.
“It gives you some idea of what they are doing but not their opinion about the future direction of a specific market,” Randin said.
JPMorgan reports larger Bitcoin, Ether ETF positions
The filing showed about 10.4 million shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) in Q2, up from 8.3 million shares in Q1 with a reported value of roughly $356 million.
Its position…
