🔥 Market Focus: JP Morgan Doubles Its Investments in Bitcoin 👀
The latest report from JP Morgan #JPMorgan 13F shows a 64% increase in the number of shares of BlackRock's #IBITETF ETF, with 5.28 million shares (approximately $343 million) of its stock, compared to 3.2 million shares in June. 📈
The irony? Jamie Dimon still refers to #Bitcoin as the "favorite stone," yet his company is accumulating larger amounts than ever before. 🪨➡️🐠
💰 Clients demand exposure to Bitcoin
📊 Revenue from fees is very good and cannot be ignored
🛡 Risk management offices are able to hedge professionally
#Bitcoin has moved from ideology to institutional allocation. 🧠💼
When the biggest skeptics expand their holdings... the market listens.
Price is an argument. And deposits are receipts. 🫰
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