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JPMorgan boosts Bitcoin and Ethereum ETF holdings despite crypto price drops in Q1 2026

Market News
14 May 2026
Coinpaper
View Source
Bullish
pluang ai news

In Q1 2026, JPMorgan significantly increased its holdings in crypto ETFs, notably raising its stake in the iShares Bitcoin Trust by 174% to 8.3 million shares, adding about $162 million in value despite Bitcoin's 22% price drop. The bank also expanded positions in other Bitcoin ETFs like Bitwise Bitcoin ETF and ProShares Bitcoin Strategy ETF, and increased exposure to Ethereum-linked ETFs including the iShares Ethereum Trust. However, JPMorgan exited its position in the Bitwise XRP ETF and reduced holdings in some crypto-related stocks, signaling a selective approach to crypto investments amid market volatility. This move highlights JPMorgan's confidence in long-term crypto assets despite short-term price declines.

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