JPMorgan Chase has increased its exposure to spot Bitcoin ETFs as investors withdrew more than $500 million from these investment products. According to the firm’s latest Form 13-F filing with the US Securities and Exchange Commission (SEC), JPMorgan added another 2.07 million shares of BlackRock’s iShares Trust (IBIT), bringing its total holdings to 5.28 million shares by the end of September. This represents a 64% increase in JPMorgan’s stake in IBIT compared to the amount held in June. The stake was valued at $333 million at the end of the quarter and is currently worth approximately $312 million.
JPMorgan is not the only major bank with exposure to BlackRock’s Bitcoin ETF. Other institutions, including Goldman Sachs and Millenium Management, also hold positions in the product, with their exposures being significantly larger than JPMorgan’s.
Bitcoin ETFs Experience Significant Outflows
JPMorgan’s disclosure coincided with investors pulling $558.4 million from US spot Bitcoin ETFs. This followed a day of net inflows totaling $239.9 million, which had temporarily halted a six-day streak of net outflows, according to data from Farside Investors.
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-11-07
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: 0For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw
— Farside Investors (@FarsideUK) November 8, 2025
Fidelity’s FBTC product recorded the largest outflows during the recent trading session, with $256.7 million withdrawn. Ark Invest’s ARKB experienced the second-largest outflows. BlackRock’s IBIT, which holds the largest cumulative inflows among spot Bitcoin ETFs, saw $131.4 million leave its reserves. Bitwise’s BITB and Grayscale’s GBTC also experienced outflows of $10.7 million and $15.4 million, respectively.
Bitcoin Price Recovers After Brief Drop Below $100K
The outflows from US spot Bitcoin ETFs occurred alongside a price drop for Bitcoin (BTC) below the $100,000 mark. Data indicated that the leading cryptocurrency fell to a low of $99,257.06 within the last 24 hours. However, investors appeared to buy the dip, as BTC was trading at $102,270.89 as of 2:25 a.m. EST. Despite this recovery, Bitcoin remains down 7% over the weekly timeframe and over 16% in the red on the monthly timeframe.
Technical indicators on the daily BTC chart suggest that momentum still favors sellers. Short-term Exponential Moving Averages (EMAs), the Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI) are all signaling bearish sentiment. However, there are indications that this bearish momentum may be weakening. The RSI has stabilized in the high 30s, which could signal a potential shift in the balance of power between buyers and sellers. Additionally, the MACD Histogram has begun to turn more positive, potentially indicating that sellers are reducing their pressure on BTC’s price.
Should traders act on these early signs from the MACD and RSI, Bitcoin would still need to overcome the resistance presented by the 9 and 20 EMAs to signal a stronger upward trend.