JPMorgan actually increased its Bitcoin bets while the market was bleeding — here’s what it filed with the SEC yesterday.
The facts: JPMorgan’s Form 13F, filed Thursday, Nov. 12, shows the bank increased its shares of Strategy (MSTR) by 36% in the third quarter, to 848,932 shares worth $131.3 million as of Sept. 30. In the same filing, JPMorgan held 11.4 million shares of IBIT worth about $540 million, up 9.6% from the previous quarter. Its total holdings in spot Bitcoin ETFs were about $549 million.
My take: this is an interesting contrast — while spot Bitcoin ETFs have seen outflows for five straight days and MSCI is removing Strategy from its index effective Nov. 30, the largest U.S. bank is increasing its exposure. But honestly, this is a snapshot from Sept. 30, before BTC fell to the low $71,000s, and 13F filings include client and managed-fund positions, not just JPMorgan’s proprietary bets. So this is evidence that institutions weren’t fleeing last quarter, not a buy signal today.
What I’m watching next: 13F filings from other major banks and managers ahead of the Monday, Nov. 16 deadline, and whether BTC can reclaim 73,200 — the 200-day moving average, which is now resistance.
Do you think this means institutions are done selling, or is it just a pause before the decline continues?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #Institusi $BTC
The facts: JPMorgan’s Form 13F, filed Thursday, Nov. 12, shows the bank increased its shares of Strategy (MSTR) by 36% in the third quarter, to 848,932 shares worth $131.3 million as of Sept. 30. In the same filing, JPMorgan held 11.4 million shares of IBIT worth about $540 million, up 9.6% from the previous quarter. Its total holdings in spot Bitcoin ETFs were about $549 million.
My take: this is an interesting contrast — while spot Bitcoin ETFs have seen outflows for five straight days and MSCI is removing Strategy from its index effective Nov. 30, the largest U.S. bank is increasing its exposure. But honestly, this is a snapshot from Sept. 30, before BTC fell to the low $71,000s, and 13F filings include client and managed-fund positions, not just JPMorgan’s proprietary bets. So this is evidence that institutions weren’t fleeing last quarter, not a buy signal today.
What I’m watching next: 13F filings from other major banks and managers ahead of the Monday, Nov. 16 deadline, and whether BTC can reclaim 73,200 — the 200-day moving average, which is now resistance.
Do you think this means institutions are done selling, or is it just a pause before the decline continues?
This is my analysis, not financial advice — always DYOR.
#ETFBitcoin #Institusi $BTC