According to JPMorgan's latest 13F filing, the bank significantly expanded its Bitcoin exchange-traded fund exposure during the first quarter of 2026 despite broader market weakness. JPMorgan increased its holdings in BlackRock's iShares Bitcoin Trust (IBIT) by 174%, raising shares from approximately 3 million in Q4 2025 to 8.3 million by end of March 2026, with the additional purchases valued at around $162 million.
The accumulation occurred as Bitcoin declined more than 22% during Q1 and ended March near $79,318, according to CoinGlass market data. Spot Bitcoin ETFs experienced net outflows during the same period amid market uncertainty.