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JPMorgan's Bitcoin ETF holdings surge to $1.7 billion, signaling institutional confidence

The major Wall Street bank increases its exposure to cryptocurrency amid growing investor demand for BTC-backed ETFs

JPMorgan Chase, one of the largest financial institutions in the world, is reported to have ramped up its investment in Bitcoin exchange-traded funds (ETFs) to a total of $1.7 billion, according to a report from Crypto Rover via TechFlow.