JPMorgan’s Q3 13F Shows a $2.6 Billion Crypto Book and a 99.97% Exit From Spot Ether

JPMorgan Chase reported $2.63 billion of crypto-linked securities in the 13F-HR it filed with the SEC on Nov. 12, up from $1.68 billion at the end of June. The 56% increase is the number most summaries of the filing will carry. It is also the number that says the least, because a 13F marks positions at quarter end, and between June 30 and Sept. 30 the assets underneath most of those positions rose sharply. Separate the two effects and the picture changes.