JPMorgan Boosts BlackRock IBIT Stake 174% in Q1, Expands BITB and ETHA Holdings

JPMorgan Chase increased its reported holdings in BlackRock’s iShares Bitcoin Trust (IBIT) by 174% in the first quarter of 2026, raising its position from around 3 million shares to 8.3 million shares.

“Forecast Trend Report by Period JPMorgan significantly increased its investment in U”

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Coinpaper said the IBIT increase represented approximately $162 million in added value even though Bitcoin declined more than 22% during the quarter.

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CoinPedia reported the bank also expanded its stake in the Bitwise Bitcoin ETF (BITB) by nearly 900%, lifting holdings from 4,872 shares to 48,258 shares.

Coinpaper said JPMorgan additionally boosted its exposure to Ethereum-linked ETFs, including increasing its stake in the iShares Ethereum Trust (ETHA) by around 36% to 266,734 shares.

Coinpaper reported JPMorgan initiated its first reported position in the Bitwise Solana Staking ETF (BSOL) by purchasing 47,460 shares valued at approximately $523,000.

Coinpaper said JPMorgan’s activity was not uniformly bullish, with the bank completely exiting its position in the Bitwise XRP ETF and reducing holdings from 3,870 shares to zero by the end of the quarter.

Cointelegraph described the broader context as a weak quarter for digital assets, when Bitcoin prices fell and US spot Bitcoin ETFs recorded net outflows.

Coinpaper

Coinpaper reported JPMorgan reduced holdings in Robinhood Markets, Coinbase, Galaxy Digital, and Bitdeer Technologies Group while increasing exposure to Block, MARA Holdings, Core Scientific, and PayPal.

Bloomingbit said a 13F filing submitted by JPMorgan on May 13 showed the bank held about 8.3 million shares of BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), in the first quarter.

Bloomingbit also reported JPMorgan’s IBIT holdings increased by about $162 million and that the bank expanded beyond IBIT into other Bitcoin ETF products including Bitwise Bitcoin ETF (BITB) and Fidelity Wise Origin Bitcoin Fund (FBTC).

Coinpedia said the move came as Bitcoin ETFs saw $635 million in outflows on May 13, while JPMorgan increased its investment in BlackRock’s IBIT Bitcoin ETF to 8.3 million shares.

“JP Morgan, a global leader in financial services, has increased its investment in BlackRock’s IBIT Bitcoin ETF during the first quarter of 2026, raising its holdings to 8”

Coinpedia

Coinpedia also tied the buying to JPMorgan CEO Jamie Dimon’s history of criticism, quoting that Dimon called Bitcoin a “fraud” and “scam” in previous years.

Coinpedia said JPMorgan’s IBIT position is estimated to be worth roughly $390 million to $400 million at current market prices, while the filing data showed the added exposure added nearly $162 million in value during the quarter.

TradingView said the filing showed broader activity across crypto-linked assets, including new and expanded positions in funds tied to Ethereum and Solana, alongside rotation in equities tied to miners and companies with digital asset exposure.

Coinpaper reported JPMorgan increased its stake in the iShares Ethereum Trust (ETHA) by around 36% to 266,734 shares, while also increasing exposure to Ethereum-linked ETFs and adjusting positions across altcoin-linked ETF products.