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JPMorgan Chase, the premier U.S. bank with a massive $2.6 trillion in assets, has significantly embraced cryptocurrency by investing in multiple Bitcoin exchange-traded funds (ETFs). According to a May 10 filing with the U.S. Securities and Exchange Commission, the bank now boasts holdings in several prominent Bitcoin exchange-traded funds (ETFs). These investments include approximately $760,000 in shares across the ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), and the Bitwise Bitcoin ETF.
Further emphasizing its commitment to the digital currency market, JPMorgan Chase reported owning 25,021 shares valued at roughly $47,000 in Bitcoin Depot, a leading crypto ATM provider. This strategic venture into Bitcoin-affiliated funds and services marks a noteworthy endorsement of cryptocurrency from one of the leading names in global banking, signaling a potentially increasing acceptance of digital currencies in mainstream financial institutions.
