JPMorgan’s Wealth Management Clients Boost Holdings

JPMorgan’s brokerage clientele lifted their bets on bitcoin BTC$102,665.90 in the third quarter, with the bank — in a regulatory filing Friday — disclosing ownership of 5.284 million shares of BlackRock’s iShares Bitcoin ETF (IBIT) as of Sept. 30.

Those shares were worth $343 million as of the end of the quarter. The bank held 3.2 million shares worth $302.6 million as of the end the second quarter.

The bank earlier this week put out a bullish note on bitcoin, suggesting the price could reach $170,000 within 12 months from the current $102,000.

Correction (Nov 7, 2025, 19:10 UTC): An earlier version of this story suggested the bank owned IBIT for its own account.