According to the 13F filing submitted by JPMorgan to the US SEC, as of June 30th, JPMorgan holds approximately 10.4 million shares of IBIT, an increase of approximately 25% from approximately 8.3 million shares in the first quarter, with a holding value of approximately $356 million. During the same period, JPMorgan Chase's ETHA holdings increased from approximately 267000 shares to approximately 1.17 million shares. The document disclosed for the first time 181 shares of grayscale XRP products and 113 shares of Bitwise XRP ETF holdings. Jonatan Randin, Senior Market Analyst at PrimeXBT, pointed out that the 13F covers 18 investment management entities under JPMorgan Chase, with some positions related to client trading or inventory management, and the 13F does not disclose short positions. JPMorgan Chase reduced holdings of multiple Bitcoin mining companies in the second quarter. Jonatan Randin stated that as some mining companies expand towards AI and high-performance computing, their attributes as a proxy for Bitcoin prices are weakening.
