Global investment banks revealed significant positions held in cryptocurrency-related exchange-traded funds (ETFs) and Bitcoin (CRYPTO: BTC) stock MicroStrategy Inc. (NASDAQ:MSTR), according to their latest 13F filings with the SEC.
JPMorgan Chase
JPMorgan Chase & Co., the world’s largest bank by market capitalization, made sizable investments in Bitcoin and Ethereum (CRYPTO: ETH) ETFs for the quarter ending Sept. 30.
The bank purchased 387 shares, worth $13,982, of iShares Bitcoin Trust ETF (NASDAQ:IBIT) after offloading them all in the last quarter.
JPMorgan also reallocated to Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), bagging 213 shares worth $11,877. Overall, the banking giant's Bitcoin ETF exposure reached nearly $65,000.
JPMorgan tapped into the Ethereum ETFs for the first time, with sizable investments in Grayscale Ethereum Trust ETF (NYSE:ETHE) and its miniature version, Grayscale Ethereum Mini Trust ETF (NYSE:ETH). Together, its stake in the two funds amounted to roughly $30,700.
The bid to increase cryptocurrency exposure caused JPMorgan to boost its MicroStrategy portfolio by 12.5% to 660,693 at the end of Q3, worth $111.39 million.
Goldman Sachs
Another Wall Street giant, Goldman Sachs Group Inc. (NYSE:GS), reported its 13F filing last week.
The bank disclosed $710 million invested across multiple Bitcoin ETFs, with a stake of 12.7 million shares valued at $461 million in IBIT.
These investments solidified Goldman’s position as the second-largest holder of IBIT, now the world's biggest Bitcoin investment fund, with assets worth $42.89 billion as of this writing.
Goldman Sachs holds $25.16 million in Ethereum ETFs, split between Grayscale’s Mini Trust and Fidelity’s Ethereum Fund (BATS:FETH).
Interestingly, the banking juggernaut liquidated around 534,894 shares of MicroStrategy in Q3, reducing its stake to $140.44 million.
Morgan Stanley
Morgan Stanley (NYSE:MS) downsized its Bitcoin ETF portfolio to $183.39 million, from $203 million in the last quarter.
The outflows were primarily driven by the selling of 449,802 IBIT shares.
Additionally, Morgan Stanley invested in Ethereum ETFs, primarily through a stake in iShares Ethereum Trust ETF (NASDAQ:ETHA).
Meanwhile, its MicroStrategy position jumped 22.6% to 9,595,008 shares worth $1.61 billion.
Photo by Avi Rozen on Shutterstock
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