JPMorgan Chase reported 99,093 shares of Circle Internet Group at 30 September, worth $8.3 million, down from 2.66 million shares ($201.8 million) three months earlier, according to its Form 13F filed with the SEC on 12 November. Over the same quarter its holding of BlackRock’s iShares Bitcoin Trust (IBIT) rose 9.6% to 11.41 million shares, worth $540.0 million. CryptoWatchDesk last covered the bank in October, when its asset-management arm brought its tokenized money market funds to Solana.
The headline total hides a rotation. Spot bitcoin ETFs, Strategy and Coinbase add up to about $981 million in the filing, a figure Decrypt reported first. But the shares moved in different directions: the position in the stablecoin issuer all but disappeared, while the bank added 36% to its Strategy holding, now 848,932 shares worth $131.3 million, and 13% to Coinbase, at 1.58 million shares worth $300.6 million.
| Position (common shares) | 30 Jun shares | 30 Sep shares | 30 Sep value |
|---|---|---|---|
| IBIT (BlackRock) | 10,407,635 | 11,408,930 | $540.0M |
| Coinbase (COIN) | 1,395,552 | 1,581,814 | $300.6M |
| Strategy (MSTR) | 624,387 | 848,932 | $131.3M |
| Circle (CRCL) | 2,656,085 | 99,093 | $8.3M |
| IREN | 2,699,785 | 172,550 | $7.1M |
Source: JPMorgan Chase & Co Form 13F-HR for 30 June and 30 September 2026, rows summed across the filing’s managers; values as reported.
Across the five spot bitcoin ETFs we matched, the reported value rose to $549.1 million from $362.0 million, partly on price. The filing also lists options on IBIT (calls on 3.70 million underlying shares, puts on 2.92 million) and puts on 1.18 million Coinbase shares ($224.2 million). Miner IREN fell 94% by share count; BitMine common rose to 3.12 million shares from 255,112.
The limits matter. The 13F combines JPMorgan Chase and 17 affiliated managers, from its broker-dealers to its private bank and asset-management units, so many rows are client or hedging positions rather than the bank’s own view.
A 13F shows long positions and listed options at 30 September, not shorts, and options are reported at the value of the underlying shares. It does not say why any holding changed.
Jane Street’s filing for the same quarter also showed a larger total in bitcoin funds. Both snapshots predate the run of outflows that reached IBIT’s tenth straight day of outflows on Thursday. For the basics, see how a spot bitcoin ETF works.
The filing reports $1.84 trillion in total across 35,990 entries.
Related: Circle also announced leadership changes on 13 Nov, naming Dante Disparte its first vice chairman
Related: IBIT lost $143.5 million on 13 Nov, its eleventh straight daily outflow
This article is for information only and is not investment advice.