JPMorgan Chase Boosts Bitcoin ETF Holdings Significantly in Q1, Blackrock's BITG Position Grows by Around $162 Million

BlockBeats News, May 14th, JPMorgan Chase revealed a significant increase in its Bitcoin ETF holdings in the first quarter of 2026. According to the 13F filing, the bank's stake in the BlackRock Bitcoin ETF IBIT grew by 174%, from about 3 million shares to 8.3 million shares, adding approximately $162 million in value. Despite a more than 22% decline in Bitcoin's price in Q1 and overall net outflows in the U.S. spot Bitcoin ETF market, JPMorgan Chase remains actively expanding its Bitcoin ETF exposure.

In addition to IBIT, JPMorgan Chase also significantly increased its holdings in the Fidelity FBTC ETF, with a 450% increase, the Bitwise BITB ETF, with a nearly 900% increase, and boosted its exposure to the Bitcoin futures ETF BITO by over 3000%. On the altcoin side, JPMorgan Chase made its first purchase of the Solana staking ETF (BSOL), increased its Ethereum ETF exposure, completely exited the XRP ETF position, and engaged in rotation among crypto-related stocks by reducing its Coinbase holdings and increasing positions in mining and payment stocks such as MARA and Core Scientific.