JPMorgan Chase re-entered XRP-linked exposure in its Q2 filing with the SEC (U.S. securities regulator), reporting 113 shares of the Bitwise XRP ETF and 181 shares of the Grayscale XRP ETF after fully exiting its Bitwise XRP ETF position in Q1 2026. The bank also held 19,894 shares of Ripple-backed Evernorth Holdings' SPAC (blank-check company) Armada Acquisition Corp II, ticker XRPN, while increasing its BlackRock Bitcoin ETF stake by about 25% to roughly 10.4 million shares worth almost $356 million and raising its BlackRock Ethereum ETF position 338% to nearly 1.17 million shares worth more than $14 million. The filing showed IBIT call options (bullish derivatives bets) rising to 3.94 million from 3.77 million and put options (downside hedges) falling to 3.49 million from 4.75 million, a shift the report framed as a more bullish stance on Bitcoin amid broader institutional interest in crypto and Ethereum tokenization (issuing assets on blockchain).