Bloomberg Analyst: Just a market maker or AP! JPMorgan Chase also holds Bitcoin spot ETF

As the 13F reports are released one after another, the community is very happy to see that Wall Street giants such as JPMorgan and Wells Fargo have all held Bitcoin spot ETFs. The latest statistics , there are as many as 250 asset management companies that declare to own BlackRock IBIT! However, Bloomberg ETF analyst James Seyffart reminds everyone that most of them are "just market makers or APs"!

Nearly 500 companies have disclosed their holdings of Bitcoin spot ETFs

According to a tweet from Bloomberg ETF analyst Eric Balchunas, so far, nearly 500 companies have disclosed their holdings of Bitcoin Among the currency spot ETFs, BlackRock’s IBIT has the largest number, currently held by 250 companies. There is still one week left before the 13F reporting deadline.

## JPMorgan holds about $760,000 worth of Bitcoin ETFs, including ProShares’ BITO, BlackRock’s IBIT, Fidelity’s FBTC, Grayscale GBTC and Bitwise’s BITB.

13F is not the whole picture, and many companies are just market makers or AP

Bloomberg ETF analyst James Seyffart reminds everyone. JPMorgan Chase (JPM), Susquehanna and many others are simply market makers or APs. Their ownership does not necessarily represent any information, only how many shares they own on March 31, 2024.

As a market maker in Bitcoin spot ETFs, the number of shares held may fluctuate significantly every day. The 13F information is only a snapshot of the long positions they held on 3/31, and does not include short positions or derivatives, so we cannot fully understand their true exposure on 3/31.

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