By skyforbes 
According to the latest 13F report, Wall Street investment bank JPMorgan has significantly increased its holdings in BlackRock’s Bitcoin spot ETF — IBIT in the third quarter of 2025, with a market value of approximately $343 million, representing a quarterly increase of 64%. It also indirectly participates in the Ethereum market through the Ethereum reserve strategy company BitMine Immersion, holding 1,974,144 shares of BNR valued at approximately $102 million.
JPMorgan Increases IBIT Holdings, Quarterly Increase of 64%
According to the latest 13F report, Wall Street investment bank JPMorgan has significantly increased its holdings in BlackRock’s Bitcoin spot ETF — IBIT in the third quarter of 2025, with shares held reaching 5,284,190, valued at approximately $343 million. Compared to 3,217,056 shares at the end of June 2025, the increase is 64%.
In addition, JPMorgan also holds options positions in IBIT, including:
l Call Options: approximately $67.76 million
l Put Options: approximately $133 million
JPMorgan Participates in ETH via BMNR
Interestingly, JPMorgan does not indirectly hold Ethereum through BlackRock’s Ethereum fund (in very small amounts, and mostly in options), but instead invests in the Ethereum reserve strategy company BitMine Immersion to indirectly participate in the Ethereum market, holding 1,974,144 shares of BNR valued at approximately $102 million.
However, these holdings cover the entire group, including asset management departments and high-net-worth client accounts, and may not all belong to JPMorgan’s proprietary funds.
JPMorgan Sees Bitcoin Reaching $170,000
JPMorgan’s analysis team believes that after Bitcoin experienced the largest perpetual contract liquidation in history on October 10 and a slight liquidation in early November, the market’s deleveraging cycle has largely ended. According to its gold parity model based on volatility, Bitcoin (BTC) corresponds to a theoretical price of approximately $170,000, which is expected to occur within the next 6 to 12 months.
Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.