US-based financial company JPMorgan Chase revealed investments in…

US-based financial firm JPMorgan Chase has disclosed investments in Bitcoin (BTC) exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity.

In a May 10 filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan Chase reported that it owns approximately $760,000 in shares of BlackRock’s ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), and Fidelity’s Wise Origin Bitcoin Fund ( FBTC ), Grayscale Bitcoin Trust ( GBTC ), and Bitwise Bitcoin ETF. Additionally, the bank declared 25,021 shares worth about $47,000 in Bitcoin Depot, a cryptocurrency ATM provider.

The SEC filing came on the same day Wells Fargo reported exposure to Grayscale and ProShares Bitcoin ETFs in its holdings and Bitcoin Depot. Susquehanna International Group reported on May 7 that it had purchased more than $1 billion worth of spot cryptocurrency ETF shares in the first quarter of 2024.

Related: JP Morgan launches BlackRock tokenization platform for first time among major clients: report

JPMorgan Chase is the largest bank in the United States by assets, controlling approximately $2.6 trillion. The SEC added that supervisors should not assume that information provided by a financial company was “accurate and complete.”

The Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs to be listed and traded on US exchanges in January. Many experts expect the commission to make a decision on Ethereum (ETH) ETFs by May 23, when the application submitted by asset manager VanEck reaches the final deadline.

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