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JPMorgan Lifts Strategy Stake 36% and Holds $540M in BlackRock’s Bitcoin ETF

By Jose Oramas

JPMorgan's US broker-dealer held 370,680 Strategy shares at the end of September, up from 11,876 in June, along with puts on 1,148,500 Strategy shares.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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