Key facts
- JPMorgan Chase has acquired 113 shares in the Bitwise XRP ETF and 181 shares in the Grayscale XRP ETF.
- The bank also holds 19,894 shares in Armada Acquisition Corp II, a SPAC linked to Ripple.
- JPMorgan's stake in BlackRock's Bitcoin ETF (IBIT) rose to approximately 10.4 million shares, valued at nearly $356 million.
- JPMorgan increased its call options on IBIT to 3.94 million shares and reduced put options to 3.49 million shares.
- Holdings in BlackRock's Ethereum ETF (ETHA) grew to nearly 1.17 million shares, valued at over $14 million.
- JPMorgan also increased its positions in Bitwise Ethereum ETF and Grayscale's ETHE and other ETH ETFs.
JPMorgan Chase, the world's largest bank by assets under management, has revealed new exposure to XRP through holdings in two spot exchange-traded funds (ETFs) and expanded its stakes in BlackRock's Bitcoin and Ethereum ETFs. The filings with the U.S. Securities and Exchange Commission (SEC) indicate a growing institutional confidence in digital assets.
In its Q2 filing, JPMorgan disclosed holdings of 113 shares in the Bitwise XRP ETF and 181 shares in the Grayscale XRP ETF (GXRP). This marks a re-entry into XRP exposure after a complete exit from the Bitwise XRP ETF position in Q1 2026. Additionally, the bank disclosed ownership of 19,894 shares in Armada Acquisition Corp II, a SPAC linked to Ripple-backed Evernorth Holdings, as the latter moves closer to a merger.
Trading firm IMC-Chicago also reported significant options positions in Bitwise and other XRP ETFs, signaling bullish sentiment. JPMorgan's investment in BlackRock's Bitcoin ETF (IBIT) saw a substantial increase, with its stake rising by approximately 25% to about 10.4 million shares, valued at nearly $356 million. The bank also boosted its call positions in IBIT while reducing its put positions, suggesting a bullish outlook on Bitcoin's price, aligning with BlackRock CEO Larry Fink's recent positive remarks on the cryptocurrency.
Furthermore, JPMorgan's holdings in BlackRock's Ethereum ETF (ETHA) surged by 338% to almost 1.17 million shares, worth over $14 million. The bank also increased its investments in the Bitwise Ethereum ETF and Grayscale's ETHE and other Ethereum-based ETFs, reflecting broader institutional interest in Ethereum and JPMorgan's own involvement in Ethereum tokenization initiatives.