JPMorgan increases exposure to Bitcoin ETFs and investors withdraw $500 million

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

According to the latest company report Filing Form 13-F In conjunction with the U.S. Securities and Exchange Commission (SEC), JPMorgan added an additional 2.07 million shares of BlackRock’s iShares Trust (IBIT) at the end of September, with a total of 5.28 million shares.

JPMorgan’s stake in IBIT represents a 64% increase from the number of shares the company held in June. The stake was also valued at $333 million at the end of the quarter, but is now worth about $312 million.

JPMorgan is not the only major bank with exposure to BlackRock’s Bitcoin ETF. Others, including Goldman Sachs and Millenium Management, also have exposure to the product, but far more than JPMorgan’s exposure to the product.

Bitcoin ETFs lose over $500 million

JPMorgan’s disclosure came on the same day that investors withdrew $558.4 million from U.S. spot Bitcoin ETFs. The previous day, the funds had recorded daily net inflows of $239.9 million, ending a six-day streak of net outflows, according to data from Farside Investors.

(𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻)

TOTAL NET FLOW: -558.4

IBIT: -131.4
FBTC: -256.7
BITB: -10.7
ARKB: -144.2
BTCO: 0
EZBC: 0
BRRR: 0
HODL: 0
BTCW: 0
GBTC: -15.4
BTC: 0

For full data and disclaimers visit:

– Farside Investors (@FarsideUK) November 8, 2025

Fidelity’s FBTC product dominated the outflows seen in the last trading session, with $256.7 million flowing out of the product. The following capital outflows were recorded by Ark Invest’s ARKB.

Meanwhile, BlackRock’s IBIT, which is the largest spot Bitcoin ETF by cumulative inflows, saw $131.4 million leave its reserves yesterday. Bitwise’s BITB and Grayscale’s GBTC also saw outflows that day of $10.7 million and $15.4 million, respectively.

Bitcoin recovers after falling below $100,000

The outflows seen yesterday with US spot Bitcoin ETFs coincided with a drop in the BTC price below $100,000. Data from CoinMarketCap watch that the leading crypto fell to $99,257.06 in the last 24 hours. Investors appear to have bought the dip, as BTC is trading at $102,270.89 as of 2:25 a.m. EST.

Although the crypto managed to recover from the brief price drop, it is still down 7% on the weekly time frame. BTC is also more than 16% in the red on the longer-term monthly time frame.

Daily chart for WBTC/USD (Source: GeckoTerminal)

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

However, there are signs that the bearish momentum is weakening slightly. The RSI, for example, has stabilized in the 30s. This could be a harbinger of a shift in the power dynamic between the bears and the bulls.

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

If traders react to the early signs presented by the MACD and RSI, Bitcoin will still have to overcome the barriers presented by the 9 and 20 EMA.

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