#bitcoin-etf

#bitcoin-etf

According to 13F filings, the bank reported holding 5,284,190 shares of IBIT, valued at $343 million as of September 30. This marks a 64% increase from its previous disclosure of 3,217,056 shares as of June. The filing also revealed that JPMorgan holds IBIT options, including $68 million in call options and $133 million in puts. 13F filings aggregate holdings across all bank divisions, including high-net-worth clients, meaning these positions may not be limited to the bank's own balance sheet.

A Bitcoin ETF lets investors gain exposure to Bitcoin without actually buying or storing the cryptocurrency themselves. Instead, the fund holds Bitcoin (or Bitcoin-related contracts) while investors simply buy shares on a stock exchange, with the share price moving alongside Bitcoin's market value. Being a regulated financial product, it provides a safer, more accessible way to invest in Bitcoin through familiar brokerage accounts.

The Warsaw Stock Exchange (GPW) has officially listed the Bitcoin BETA ETF, giving investors in Poland their first opportunity to gain exposure to bitcoin through a regulated exchange-traded fund. The newly listed ETF, managed by AgioFunds TFI SA, is designed to provide exposure to bitcoin through futures contracts listed on the Chicago Mercantile Exchange (CME). Importantly, the fund incorporates a foreign exchange (FX) risk hedging strategy, aiming to reduce investors' exposure to fluctuations between the U.S. dollar and the Polish zloty.

The price of bitcoin briefly spiked more than $1,000 after the post claimed "The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." But soon after the initial post appeared, SEC Chairman Gary Gensler said on his personal account that the SEC's account was compromised. "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," Gensler wrote, calling the post unauthorized without providing further explanation.

"IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure."