JPMorgan, with AUM of $5.1 trillion, has revealed its quarter two (Q2) report with the U.S SEC. Its latest SEC filing reveals a massive expansion in its Bitcoin ETF holdings, boosting its stake in BlackRock’s IBIT Bitcoin ETF by $400 million to reach a total value of $650 million.
Alongside increased Ethereum exposure and a full exit from its previous XRP ETF position.
JPMorgan Doubles Down on Bitcoin ETF Exposure
According to JPMorgan’s Q2 2026 13F filing, the bank held around 10.4 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of June 30. The position was worth approximately $355.7 million.
That marks a sharp increase from the first quarter, when JPMorgan reported about 8.3 million IBIT shares worth nearly $162 million.
The increase comes even as Bitcoin ETF flows have remained unstable. U.S. spot Bitcoin ETFs recorded $131.1 million in net outflows on Aug. 13, following a much larger $61.16 million outflow on Aug. 12.
JPMorgan’s options position also moved in a more bullish direction. IBIT call options increased to 3.94 million, while put options dropped from 4.75 million to about 3.5 million in Q1.
Ethereum ETF Exposure Jumps 338%
JPMorgan’s Q2 filing also showed a much larger position in BlackRock’s iShares Ethereum Trust (ETHA).
The bank held nearly 1.17 million ETHA shares worth about $14.3 million, marking a 338% increase from the previous quarter.
The move gives JPMorgan growing exposure to both Bitcoin and Ethereum through regulated ETF products, rather than direct ownership of the assets.
However, Bitcoin remains the clear focus. The bank’s IBIT position is more than 20 times larger than its reported ETHA holding.
JPMorgan Added XRP Back Through ETFs
The biggest surprise in the filing may be JPMorgan’s return to XRP.
The bank’s Q1 filing showed that its Bitwise XRP ETF position had fallen from 3,870 shares to zero. The latest filing reverses that move, showing fresh exposure through both the Bitwise XRP ETF and Grayscale XRP Trust ETF.
The Bitwise position was worth about $1,356, while the Grayscale XRP ETF holding was valued at roughly $3,763.
JPMorgan also reported 19,894 shares of Armada Acquisition Corp II, worth approximately $207,295. The company is linked to a Ripple-backed deal and trades under the XRPN ticker.
In addition, JPMorgan initiated a new position in the Bitwise Solana Staking ETF (BSOL), holding roughly 47,500 shares.
The next 13F filing, expected in November, will show whether the bank continued adding Bitcoin, Ethereum, and XRP exposure during Q3 or reduced its positions.
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