JPMorgan Increased Bitcoin ETF Shares by 64%

JPMorgan Chase & Co has recently increased its holdings in the iShares Bitcoin Trust ETF (IBIT) by %64.26, reaching 5.28 million shares. The total value of these shares has been determined to be 343.47 million dollars.

The bank's research forecasts that Bitcoin's fair value could rise to 170,000 dollars. This situation indicates an increase in institutional confidence in digital assets.