JPMorgan’s $1.7 billion Bitcoin ETF investment and client access to Bitcoin reflect a major step in institutional crypto adoption in 2025. This marks a significant shift for the bank, which holds $1.7 billion in Bitcoin ETFs, including 263,000 shares of BlackRock’s iShares Bitcoin Trust (IBIT). Bitcoin’s market cap hit $2 trillion in 2025, with U.S. spot Bitcoin ETFs holding $125.89 billion, or 5.6% of its 21 million supply.