Global investment banks revealed significant positions held in Cryptocurrency-related exchange-traded funds (ETFs) and the value linked to Bitcoin (CRYPTO:BTC) MicroStrategy Inc. (NASDAQ:MSTR), according to its latest 13F filings with the US Securities and Exchange Commission (SEC).
JPMorgan Chase
JPMorgan Chase & Co. (NYSE:JPM), the world’s largest bank by market capitalization, made significant investments in Bitcoin ETFs and Ethereum (CRYPTO:ETH) during the quarter ending September 30.
The bank bought 387 shares, worth $13,982, of the iShares Bitcoin Trust ETF (NASDAQ:IBIT) after divesting all of them in the last quarter.
JPMorgan also reassigned the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), acquiring 213 shares worth $11,877. In total, the banking giant’s exposure to the Bitcoin ETF reached almost $65,000.
JPMorgan entered Ethereum ETFs for the first time, with considerable investments in the Grayscale Ethereum Trust ETF (ARCA:ETHE) and its miniature version, the Grayscale Ethereum Mini Trust ETF (ARK:ETH). Together, his stake in the two funds amounted to about $30,700.
The bid to increase exposure to cryptocurrencies saw JPMorgan increase its stake in MicroStrategy by 12.5% to 660,693 shares at the end of the third quarter, worth $111.39 million.
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Goldman Sachs
Another Wall Street giant, Goldman Sachs Group Inc. (NYSE:GS), filed its 13F report last week.
The bank revealed having invested $710 million in various Bitcoin ETFs, with a stake of 12.7 million shares, valued at $461 million, in IBIT.
These investments cement Goldman Sachs’ position as the second-largest holder of IBIT, which is now the largest Bitcoin investment fund in the world, with assets worth $42.89 billion at the time of writing.
Goldman Sachs owns $25.16 million in Ethereum ETFs, split between the Grayscale Ethereum Mini Trust ETF and the Fidelity Ethereum Fund (BATS:FETH).
Interestingly, the banking giant liquidated around 534,894 MicroStrategy shares in the third quarter, reducing its stake to $140.44 million.
Morgan Stanley
Morgan Stanley (NYSE:MS) reduced its Bitcoin ETF portfolio to $183.39 million, down from $203 million last quarter.
The outflows were mainly due to the sale of 449,802 IBIT shares.
Additionally, Morgan Stanley invested in Ethereum ETFs, primarily through a stake in the iShares Ethereum Trust ETF (NASDAQ:ETHA).
Meanwhile, his position in MicroStrategy soared 22.6% to 9,595,008 shares worth $1.61 billion.
Photo by Avi Rozen on Shutterstock
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