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JPMorgan Boosts BTC ETF Holdings by 64% in Latest Filing

JPMorgan Chase & Co has increased its stake in the iShares Bitcoin Trust ETF (IBIT) by 64.26%, now holding 5.28 million shares valued at approximately $343.47 million as of September 30. This increase is significant compared to the 3.22 million shares reported in the previous quarter, valued at $302.57 million. The bank's bullish stance is supported by its research suggesting Bitcoin's fair value could reach $170,000, indicating rising institutional confidence in digital assets. Following this news, IBIT saw a slight increase of 1.5%, trading at $58 per share, as Bitcoin prices also surged above $102,000. The filing underscores JPMorgan's commitment to cryptocurrency investments amidst growing interest from institutional players in the market.

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A Quarter of Polymarket Volume May Be Wash Trading, Columbia Study Finds

A study by Columbia University reveals that approximately 25% of trading volume on Polymarket, a major prediction platform, may be attributed to wash trading. This analysis examined the trading history of 1.26 million active wallets on Polymarket and discovered suspicious patterns in 14% of transactions. The research indicates that

A Quarter of Polymarket Volume May Be Wash Trading, Columbia Study Finds

A recent study from Columbia University reveals that approximately 25% of all trading volume on Polymarket, a major prediction platform, may be attributed to wash trading. The analysis examined 1.26 million active wallets on the platform and found suspicious trading patterns in 14% of them. Researchers noted that the

A Quarter of Polymarket Volume May Be Wash Trading, Columbia Study Finds

A recent study from Columbia University suggests that approximately 25% of the trading volume on Polymarket, a prediction market platform, may be attributed to wash trading. This finding is based on an analysis of 1.26 million active wallets, revealing suspicious trading patterns in about 14% of them. These patterns