JPMorgan Chase has disclosed that it owns 5.28 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF as of September 30, a 64% increase since June.  Institutional investors have increasingly been turning to regulated crypto vehicles and investment products as they look to diversify their holdings and explore Bitcoin ETF options.  JPMorgan Holds 5.3 Million BlackRock Bitcoin ETF Shares  According to JPMorgan’s New York-based fintech arm’s latest 13F-HR Institutional Investment Manager holdings report, the firm owns IBIT shares worth $343 million. The report can be viewed on the United States Securities and Exchange Commission (SEC) website. Spot Bitcoin ETFs secured approval in January 2024, marking a watershed moment for Bitcoin and the broader cryptocurrency ecosystem.  Spot Bitcoin ETFs, primarily IBIT, are widely regarded as an important gateway for institutional investors to gain exposure to the cryptocurrency market. Bitcoin ETFs give investors access to the asset without needing direct custody. Unlike futures ETFs, spot Bitcoin ETFs represent direct asset buys.  A Vocal Critic  JPMorgan was one of the harshest critics of spot Bitcoin ETFs before their approval in 2024. The financial behemoth was also critical of the broader cryptocurrency market. JPMorgan’s chairman and CEO, Jamie Dimon, made several comments about Bitcoin, questioning its validity as a real currency, and even calling it a “fraud” asset. Dimon urged the US government to shut it down and made several attempts to associate cryptocurrency with illicit and criminal activities. Dimon stated during an interview,  “It does nothing. I call it the pet rock.” Dimon was initially very open about his dislike for cryptocurrencies, calling those investing in the asset “stupid,” and calling the asset a waste of time and a “hyped-up fraud.” However, Dimon’s tone has shifted in recent months. The JPMorgan CEO recently stated during an interview,  “Crypto is real. Blockchain is real. Stablecoins are real.”  Dimon also revealed that JPMorgan was operating a deposit coin and using smart contracts to improve transaction efficiency, noting,  “It will be used by all of us.” Meanwhile, spot Bitcoin ETFs broke their six-day outflow streak, showing signs of recovery after Bitcoin (BTC) plunged over 16% over the course of the week. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other adviceJPMorgan Chase has disclosed that it owns 5.28 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) ETF as of September 30, a 64% increase since June.  Institutional investors have increasingly been turning to regulated crypto vehicles and investment products as they look to diversify their holdings and explore Bitcoin ETF options.  JPMorgan Holds 5.3 Million BlackRock Bitcoin ETF Shares  According to JPMorgan’s New York-based fintech arm’s latest 13F-HR Institutional Investment Manager holdings report, the firm owns IBIT shares worth $343 million. The report can be viewed on the United States Securities and Exchange Commission (SEC) website. Spot Bitcoin ETFs secured approval in January 2024, marking a watershed moment for Bitcoin and the broader cryptocurrency ecosystem.  Spot Bitcoin ETFs, primarily IBIT, are widely regarded as an important gateway for institutional investors to gain exposure to the cryptocurrency market. Bitcoin ETFs give investors access to the asset without needing direct custody. Unlike futures ETFs, spot Bitcoin ETFs represent direct asset buys.  A Vocal Critic  JPMorgan was one of the harshest critics of spot Bitcoin ETFs before their approval in 2024. The financial behemoth was also critical of the broader cryptocurrency market. JPMorgan’s chairman and CEO, Jamie Dimon, made several comments about Bitcoin, questioning its validity as a real currency, and even calling it a “fraud” asset. Dimon urged the US government to shut it down and made several attempts to associate cryptocurrency with illicit and criminal activities. Dimon stated during an interview,  “It does nothing. I call it the pet rock.” Dimon was initially very open about his dislike for cryptocurrencies, calling those investing in the asset “stupid,” and calling the asset a waste of time and a “hyped-up fraud.” However, Dimon’s tone has shifted in recent months. The JPMorgan CEO recently stated during an interview,  “Crypto is real. Blockchain is real. Stablecoins are real.”  Dimon also revealed that JPMorgan was operating a deposit coin and using smart contracts to improve transaction efficiency, noting,  “It will be used by all of us.” Meanwhile, spot Bitcoin ETFs broke their six-day outflow streak, showing signs of recovery after Bitcoin (BTC) plunged over 16% over the course of the week. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

        Highlights:  Pakistan is considering a digital rupee and CBDC to cut remittance costs. The crypto market in Pakistan could unlock $25B in new economic growth. The CBDC pilot phase is in development with World Bank and IMF support.  Pakistan is moving forward with plans to integrate blockchain technology into its financial system. The nation is considering introducing a rupee-backed stablecoin and central bank digital currency (CBDC). The objectives of these efforts are to reduce remittance costs, modernize access to finances, and promote economic growth. At the Sustainable Development Policy Institute (SDPI) Conference, leading financial authorities outlined the massive growth potential of crypto. They estimate Pakistanis holding up to $30 billion in crypto holdings. The annual crypto trading might soon reach $300 billion, which is nearly equivalent to the total GDP of the country. Zafar Masud, the president of the Pakistan Banks Association, pointed out the booming global stablecoin market. According to him, the nation is capable of exploiting $20-25 billion in the adoption of digital assets. He confirmed that Pakistan is “actively exploring a rupee-backed stablecoin” to increase access and efficiency. A digital rupee would enhance secure cross-border payment and financial inclusion. More than 100 million Pakistani adults are still unbanked, and the innovation is a pressing case.  Pakistan Considers Rupee-Backed Stablecoin Amid $25B Loss Warnings  Pakistani regulators are actively exploring the development of a sovereign-backed digital currency amid growing recognition of the transformative potential of cryptocurrencies and bloc…https://t.co/CVr2s8UeoU pic.twitter.com/Fma8WTIGP3 — Crypto Breaking News (@CryptoBreakNews) November 8, 2025  CBDC Prototype Underway The State Bank of Pakistan is proceeding with the development of its digital currency. Faisal Mazhar, the Deputy Director of Payments, revealed that a prototype of CBDC is underway. Additionally, the World Bank and International Monetary Fund are assisting this initiative. He further added that there would be a pilot phase before the full rollout of the currency. The CBDC is expected to make remittances cheaper and financial services more accessible across the country. According to the global specialist Yara Wu, such technology would make remittances faster, secure, and cheaper. Sajid Amin of SDPI emphasized the necessity of having proper regulation. He noted the relevance of cybersecurity, digital literacy, and risk management to safeguard consumers and investors. Fintech Innovation Fuels Growth The fintech industry in Pakistan is also on the rise. ZAR, a start-up that provides dollar-backed stablecoins, recently raised $12.9 million. Top investors, such as Andreessen Horowitz, Coinbase Ventures, and Dragonfly Capital, were the source of funding.  ZAR has raised $12.9 million to bring ROCK. SOLID. DOLLARS. to the Global South  Led by @a16zcrypto, with @dragonfly_xyz, @vaneck_us, @cbVentures, and Endeavor Catalyst.  pic.twitter.com/0DKOlWMwSO — ZAR (@zardotapp) October 28, 2025  ZAR is dedicated to making stablecoins accessible to underserved populations in Pakistan. Their mission focuses on bridging the financial gap in emerging markets. Moreover, the firm is seeking to assist millions of people who have yet to access traditional banking services. In addition, this move matches government-led digital finance initiatives. The increased adoption is a positive sign of increasing cryptocurrency interest in Pakistan. Pakistan moved to the third position globally in the 2025 Global Crypto Adoption Index by Chainalysis. To build further on this momentum, Pakistan established a regulatory framework regarding virtual asset services. Licensing and supervision are being managed by the Pakistan Virtual Asset Regulatory Authority (PVARA). Firms have to comply with stringent compliance criteria under the Virtual Assets Ordinance 2025. These include the anti-money laundering (AML), know-your-customer (KYC), and counter-terrorism financing measures. This goal is to create a regulated, safe digital economy. Furthermore, PVARA also encouraged international crypto exchanges and service providers to apply for licenses in September.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.