JPMorgan boosts BTC ETF holdings 174% while exiting XRP ETF
JPMorgan expanded its crypto ETF exposure in Q1 2026, even as prices fell, per its latest US 13F filings. The key move was in the spot Bitcoin ETF: JPMorgan’s holdings in BlackRock’s iShares Bitcoin Trust (IBIT) jumped 174% to about 8.3 million shares, adding roughly $162M.
Beyond IBIT, JPMorgan also increased positions in other Bitcoin ETF products, including Bitwise’s BITB and Fidelity’s FBTC, with large share-count increases. For Ethereum, it raised exposure to iShares Ethereum Trust (ETHA) by 36% to 266,734 shares and added to an ETH-linked Bitwise fund. JPMorgan also initiated a Solana-linked stake via Bitwise’s Solana Staking ETF (BSOL).
Importantly, the buying was selective. JPMorgan fully exited its XRP ETF exposure, selling all 3,870 shares of the Bitwise XRP ETF, and reduced stakes across several crypto equities while adding some new corporate holdings.
For traders, this looks like ETF-driven rotation toward majors. The stronger BTC ETF accumulation may support near-term flow sentiment for BTC and ETH, while the XRP ETF exit can weigh on XRP-linked positioning.
Neutral
JPMorgan’s activity is mixed across different cryptocurrencies: it adds heavily to spot Bitcoin ETFs (supportive for BTC) and increases Ethereum ETF exposure (supportive for ETH), but it fully exits its XRP ETF position (potentially negative for XRP). Because the news implies opposing flow impacts depending on the token, the net price impact across the mentioned assets is likely balanced rather than uniformly bullish or bearish.