JPMorgan Chase, the world's largest bank with $5.1 trillion in assets, has revealed it holds XRP through two spot exchange-traded funds, according to its latest regulatory filings. The bank also expanded its positions in BlackRock's Bitcoin and Ethereum ETFs during the quarter, while fully exiting its stake in the Bitwise XRP ETF.
The XRP disclosure
The filings, which cover the first quarter of 2026, show JPMorgan now has exposure to XRP through two spot ETFs. The bank didn't name the specific funds, but the disclosure is notable for a bank of its size. Most large financial institutions have stayed away from direct crypto holdings, preferring to offer services rather than take positions themselves.
BlackRock ETFs expanded
JPMorgan increased its holdings in BlackRock's iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) during the quarter. The bank's positions in both funds grew, though the exact size of the increase wasn't disclosed. The expansion suggests JPMorgan is comfortable adding crypto exposure through established, regulated products.
The Bitwise exit
At the same time, JPMorgan sold its entire position in the Bitwise XRP ETF. The exit happened in Q1 2026, according to the filings. The bank's decision to drop the Bitwise fund while keeping other XRP exposure is a curious one. It could reflect a preference for one fund over another, or a shift in how the bank wants to hold XRP.
What to watch
JPMorgan's next quarterly filing will show whether it maintains these positions or makes further changes. The bank's moves come as more traditional financial institutions test the waters with crypto ETFs, though JPMorgan's direct XRP exposure remains unusual. For now, the filings offer a rare look at how the largest bank in the world is navigating the digital asset space.
