Banking giant JPMorgan Chase has disclosed that it holds approximately $760,000 worth of spot Bitcoin ETFs on behalf of its clients.
Portfolio Breakdown
The exposure is distributed across several Bitcoin ETFs, including:
- BlackRock’s iShares Bitcoin Trust (IBIT)
- ProShares Bitcoin Strategy ETF (BITO)
- Fidelity’s Wise Origin Bitcoin Fund (FBTC)
- Grayscale Bitcoin Trust (GBTC)
- Bitwise Bitcoin ETF
Dimon’s Criticism
Despite JPMorgan’s investment, CEO Jamie Dimon remains a vocal critic of Bitcoin. He has dismissed it as a “pet rock” and a tool for criminals and speculators.
Dimon’s Response
When asked about the new ETFs, Dimon stated that it would be the last time he would comment on Bitcoin. He emphasized that he does not care about the cryptocurrency and urged people to stop discussing it.
