JPMorgan’s brokerage clientele lifted their bets on bitcoin in the third quarter, with the bank — in a regulatory filing Friday — disclosing ownership of 5.284 million shares of BlackRock’s iShares Bitcoin ETF (IBIT) as of Sept. 30.

Those shares were worth $343 million as of the end of the quarter. The bank held 3.2 million shares worth $302.6 million as of the end the second quarter.

The bank earlier this week put out a bullish note on bitcoin, suggesting the price could reach $170,000 within 12 months from the current $102,000.

Correction (Nov 7, 2025, 19:10 UTC): An earlier version of this story suggested the bank owned IBIT for its own account.

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bitcoin
Bitcoin (BTC) $ 59,908.00
ethereum
Ethereum (ETH) $ 1,613.04
tether
Tether (USDT) $ 0.998877
xrp
XRP (XRP) $ 1.06
bnb
BNB (BNB) $ 550.20
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
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USDC (USDC) $ 0.999596