Direct holdings of IBIT also rose 12% to 407,890 shares, while put option exposure dropped roughly 53% to 143,300 underlying shares during the quarter.

JPMorgan purchased $400M of BlackRock's iShares Bitcoin ETF in Q2 2026, raising its total IBIT position to 17.8 million shares worth $650

UBS has tripled its iShares Bitcoin Trust stake to $90M and 2.5M shares, joining 1,560 institutions holding over $27B in IBIT collectively.