JPMorgan has returned to XRP ETF exposure while sharply increasing its holdings of BlackRock’s Bitcoin and Ethereum ETFs, according to its latest SEC filing.
BTC$62,993.00+0.20%
ETH$1,881.82+0.20%JPMorgan Chase has disclosed new exposure to XRP through spot exchange-traded funds while also increasing its positions in BlackRock’s Bitcoin and Ethereum ETFs, according to its latest filing with the U.S. Securities and Exchange Commission (SEC).
The filing shows the Wall Street bank held positions in two XRP ETFs after previously exiting its Bitwise XRP ETF position. JPMorgan also increased its exposure to several Bitcoin and Ethereum investment products, signaling continued institutional participation across major crypto assets.
JPMorgan’s latest filing shows new holdings in both the Bitwise XRP ETF and Grayscale’s XRP ETF.
The bank reported 113 shares of the Bitwise XRP ETF and 181 shares of the Grayscale XRP ETF (GXRP).
The positions are small compared with JPMorgan’s broader investment portfolio, but the re-entry is notable because the bank had completely exited its Bitwise XRP ETF position in the first quarter of 2026.
The new disclosure therefore marks a change from the previous quarter rather than simply an increase in an existing XRP position.
JPMorgan also reported 19,894 shares of Armada Acquisition Corp II (XRPN), a special purpose acquisition company linked to Ripple-backed Evernorth Holdings.
Evernorth has been pursuing a transaction involving Armada, adding another layer of XRP-related exposure to JPMorgan’s latest filing.
JPMorgan also increased its position in BlackRock’s iShares Bitcoin Trust ETF (IBIT).
The bank held approximately 10.4 million IBIT shares, worth nearly $356 million, according to the filing. That represents an increase of roughly 25% from its previous position of around 8.3 million shares.
The bank also adjusted its options exposure to IBIT.
Its call position increased to approximately 3.94 million shares, compared with 3.77 million previously. At the same time, its put position declined from about 4.75 million shares to 3.49 million.
Calls give investors exposure to potential upside in an asset, while puts can provide downside exposure or serve as hedges. The changes in JPMorgan’s options positions therefore suggest a shift toward a more constructive stance on Bitcoin, although options positions can serve multiple portfolio-management purposes.
The increased IBIT position also comes as institutional interest in spot Bitcoin ETFs remains an important part of the broader crypto market.
Ethereum exposure also rose sharply in JPMorgan’s latest disclosure.
The bank increased its holdings in BlackRock’s iShares Ethereum Trust ETF (ETHA) by approximately 338%, bringing its position to nearly 1.17 million shares worth more than $14 million.
JPMorgan also increased positions in other Ethereum investment products, including ETFs from Bitwise and Grayscale.
The move adds to the bank’s exposure to Ethereum through regulated investment vehicles and comes alongside its broader interest in blockchain-based financial infrastructure.
Ethereum has increasingly become a focus for institutional investors because its network can support applications beyond simple asset transfers, including tokenization and other financial services.
Taken together, the filing shows JPMorgan increasing exposure across Bitcoin and Ethereum ETFs while returning to XRP-related products.
The XRP positions are relatively small, so they should not be interpreted as a major portfolio allocation. However, the fact that the bank re-entered XRP ETFs after exiting one of its previous positions makes the change worth watching.
The larger increases in Bitcoin and Ethereum ETFs are more significant in dollar terms.
JPMorgan’s IBIT holdings alone are worth nearly $356 million, while its ETHA position has also expanded substantially. These figures highlight how spot crypto ETFs can provide large financial institutions with a regulated way to gain market exposure without directly holding the underlying assets.
JPMorgan’s filing is part of a broader trend of traditional financial institutions gaining exposure to crypto through ETFs and other regulated products.
The structure allows institutions to participate in the crypto market using investment vehicles that fit more easily within existing portfolio and compliance frameworks.
For Bitcoin, the growth of spot ETFs has created a major channel for institutional capital.
Ethereum is also attracting greater attention as investors look beyond Bitcoin and consider networks that support tokenization and decentralized applications.
XRP’s reappearance in JPMorgan’s filing adds another asset to that institutional picture, although the disclosed position remains much smaller than the bank’s Bitcoin and Ethereum ETF holdings.
The key question is whether JPMorgan’s latest positions represent the beginning of a broader increase in crypto exposure or simply routine portfolio adjustments.
For XRP, future filings could reveal whether the bank continues holding or increases its ETF positions. A sustained increase would provide a stronger signal than a single quarterly disclosure.
Bitcoin and Ethereum have more substantial positions to monitor. If JPMorgan continues increasing its ETF holdings, it could reinforce the broader trend of traditional financial institutions using regulated products to gain crypto exposure.
Still, SEC filings provide a snapshot of holdings at a particular point in time. They do not necessarily reveal the bank’s current positions or prove that JPMorgan has adopted a long-term bullish view on any individual cryptocurrency.
JPMorgan’s latest filing provides another example of how institutional crypto exposure is expanding across multiple assets.
The bank has returned to XRP ETF exposure after previously exiting its Bitwise position, while its Bitcoin ETF holdings rose by roughly 25%. Its BlackRock Ethereum ETF position increased even more sharply, rising about 338%.
The biggest takeaway is not necessarily the relatively small XRP allocation, but the broader mix of exposure.
Bitcoin remains the largest position among the disclosed products, Ethereum exposure is growing rapidly, and XRP has reappeared in the portfolio. If these positions continue to increase in future filings, they could provide a clearer indication of how major financial institutions are positioning themselves toward crypto.
For now, the latest disclosure points to continued institutional interest, but investors should avoid treating one quarterly filing as proof of a permanent change in JPMorgan’s crypto strategy.
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