JPMorgan Chase has significantly expanded its exposure to spot Bitcoin exchange-traded funds (ETFs), increasing its holdings by 64%, according to recent regulatory filings. The move underscores growing institutional confidence in Bitcoin-backed investment products despite recent volatility in the broader crypto market.
JPMorgan expands IBIT exposure to $343 million
A Form 13F-HR filing submitted on November 7 revealed that JPMorgan added 2,067,134 shares of the iShares Bitcoin Trust (IBIT)—the world’s largest Bitcoin ETF by net assets—raising its total holdings to 5,284,190 shares. The position, valued at roughly $343 million as of September 30, 2025, marks a substantial jump from the previous 3,217,056 shares worth around $302 million.
Data from SoSoValue shows IBIT, managed by BlackRock, holds over $80 billion in total net assets and has accumulated $64.5 billion in net inflows since inception. According to financial data provider Fintel, JPMorgan’s latest acquisition reinforces the growing acceptance of Bitcoin ETFs among major financial institutions. Notably, the bank announced in June that it would begin accepting Bitcoin ETFs as collateral, a move seen as a milestone in mainstream crypto adoption.
Bitcoin ETF inflows return after six-day outflow streak
The timing of JPMorgan’s purchase coincides with a recovery in the US spot Bitcoin ETF market. After six consecutive days of outflows totaling more than $2 billion between October 29 and November 5, ETFs posted a net inflow of $240 million on November 6. IBIT led the rebound with $112 million in inflows, signaling renewed investor demand for Bitcoin-linked assets.
During the same period, Bitcoin’s price faced heavy downside pressure, dropping from highs above $116,000 to lows near $98,900 following the October 10 crypto market crash. Despite the turbulence, BTC has stabilized around the $100,000 mark, maintaining resilience amid a cautious yet optimistic market backdrop.
JPMorgan forecasts Bitcoin to reach $170,000
JPMorgan analysts remain bullish on Bitcoin’s medium-term outlook, projecting that the cryptocurrency could climb to $170,000 within six to twelve months. The forecast reflects expectations of sustained institutional inflows into spot ETFs and growing adoption of Bitcoin as a portfolio diversification asset.
At the time of writing, Bitcoin trades near $102,569, with sentiment improving as investors look beyond recent market corrections and toward the next phase of the digital asset’s institutional expansion.
