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JPMorgan Discloses Bitcoin ETF Holdings

JPMorgan, the largest U.S. bank, has disclosed its holdings in Bitcoin (BTC) exchange-traded funds (ETFs), according to blockchain news outlet Cointelegraph. In a filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan revealed that it owns approximately $760,000 worth of shares in ProShares Bitcoin Stretch (BITO), BlackRock's IBIT, Fidelity's FBTC, Grayscale Bitcoin Trust (GBTC), and Bitwise Bitcoin ETFs.

JPMorgan also reported 25,021 shares of Bitcoin Depot, a crypto ATM provider. That's worth about $47,000. Overall, the holdings are not significant for the largest U.S. bank with $2.6 trillion in assets.

On the same day, Wells Fargo also reported its holdings in the Grayscale and ProShares Bitcoin ETFs. And in early May, Susquehanna International Group said it bought more than $1 billion in shares of crypto spot ETFs in the first quarter of 2024.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

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Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

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ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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