Wall Street’s Banking Giants Load Up On Bitcoin, Ethereum ETFs: Here’s What JPMorgan, Goldman Sachs And Morgan Stanley Hold
Global investment banks revealed significant positions held in cryptocurrency-related exchange-traded funds (ETFs) and Bitcoin (CRYPTO: BTC) stock MicroStrategy Inc. (NASDAQ:MSTR), according to their latest 13F filings with the SEC.
JPMorgan Chase
JPMorgan Chase & Co., the world’s largest bank by market capitalization, made sizable investments in Bitcoin and Ethereum (CRYPTO: ETH) ETFs for the quarter ending Sept. 30.
The bank purchased 387 shares, worth $13,982, of iShares Bitcoin Trust ETF (NASDAQ:IBIT) after offloading them all in the last quarter.
JPMorgan also reallocated to Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), bagging 213 shares worth $11,877. Overall, the banking giant’s Bitcoin ETF exposure reached nearly $65,000.
JPMorgan tapped into the Ethereum ETFs for the …
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