JP Morgan expands exposure to Bitcoin ETF, attracting $500 million from investors

JPMorgan Chase has increased its exposure to spot Bitcoin exchange-traded funds (ETFs) as investors withdraw more than $500 million from the investment.

According to the company’s latest news: Submit Form 13-F JPMorgan, along with the U.S. Securities and Exchange Commission (SEC), added 2.07 million shares of BlackRock’s iShares Trust (IBIT), ending September with a total of 5.28 million shares.

JPMorgan’s stake in IBIT represents a 64% increase from the amount of shares the company held in June. The value of the stake was also assessed at $333 million at the end of the quarter, but its current value is approximately $312 million.

JPMorgan isn’t the only large bank with exposure to BlackRock’s Bitcoin ETF. Other companies, including Goldman Sachs and Millenium Management, also have exposure to this product, but it is much larger than JPMorgan’s exposure to the product.

Bitcoin ETF Loses Over $500 Million

JPMorgan’s disclosure came on a day when investors withdrew $558.4 million from U.S. spot Bitcoin ETFs. Just the day before, the fund had recorded daily net inflows of $239.9 million, snapping a six-day streak of net outflows, according to data from Farside Investors.

𝗕्त𝗰्त.

Total Net Flow: -558.4

GO: -131.4
FBTC: -256.7
BITB: -10.7
ARKB: -144.2
Bitcoin: 0
EZBC: 0
BRRR: 0
Hoddles: 0
BTCW: 0
GBTC: -15.4
Bitcoin: 0

For full data and disclaimers, visit https://t.co/Wg6Qpn0Pqw.

— Farside Investor (@FarsideUK) November 8, 2025

Fidelity’s FBTC product led outflows in the most recent trading session, recording $256.7 million in outflows. The next largest outflow came from Ark Invest’s ARKB.

Meanwhile, BlackRock’s IBIT, the largest Bitcoin ETF by cumulative inflow, had $131.4 million leaving its reserves yesterday. Bitwise’s BITB and Grayscale’s GBTC also recorded outflows of $10.7 million and $15.4 million, respectively, on this day.

Bitcoin recovers after falling below $100,000

The outflow seen yesterday in the US spot Bitcoin ETF coincided with the price of BTC falling below $100,000. Data from CoinMarketCap show In the last 24 hours, the price of the leading cryptocurrency fell to $99,257.06. Investors appear to have bought the dip, with BTC trading at $102,270.89 as of 2:25 a.m. EST.

The cryptocurrency recovered from a brief price drop but is still down 7% on a weekly basis. BTC also exceeded its deficit by more than 16% on extended monthly periods.

WBTC/USD daily chart (Source: gecko terminal)

Looking at the daily chart of BTC, indicators show that momentum is still in favor of sellers. In particular, the short-term exponential moving average (EMA), moving average convergence divergence (MACD) and relative strength index (RSI) remain bearish.

However, there are signs that the bearish momentum is waning slightly. For example, RSI has plateaued in the low 30s. This could be a harbinger of a change in power dynamics between bears and bulls.

Meanwhile, the MACD histogram is starting to turn more positive, which could be an early sign that the bears are easing the pressure on the BTC price.

Bitcoin still needs to overcome the barriers presented by the 9 and 20 EMAs if traders react to the early signs indicated by MACD and RSI.

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