🏦 Barclays lifts its BlackRock Bitcoin ETF stake 48% as banks add exposure
Barclays held 3.94 million shares of BlackRock's iShares Bitcoin Trust (IBIT) at the end of Q3, up 48% from 2.66 million in June, according to its 13F filing. The stake was worth about $187 million on Sept. 30.
Citigroup disclosed a new position of about $119 million in Fidelity's Bitcoin fund (FBTC) and raised its IBIT holdings 50% to about 521,000 shares. Per Bitwise data on early filers, banks now account for $258 million, or 4.9%, of reported spot Bitcoin ETF holdings, up from 3.2% in Q2.
The data is a Sept. 30 snapshot, before Bitcoin's later drop: US spot Bitcoin ETFs have seen roughly $2.1 billion in net outflows so far in Q4, per SoSoValue.
⭐ Growing bank exposure points to a stickier, longer-term investor base for Bitcoin ETFs, even as recent outflows weigh on sentiment.
#Bitcoin #BitcoinETF #IBIT #Institutional
Barclays held 3.94 million shares of BlackRock's iShares Bitcoin Trust (IBIT) at the end of Q3, up 48% from 2.66 million in June, according to its 13F filing. The stake was worth about $187 million on Sept. 30.
Citigroup disclosed a new position of about $119 million in Fidelity's Bitcoin fund (FBTC) and raised its IBIT holdings 50% to about 521,000 shares. Per Bitwise data on early filers, banks now account for $258 million, or 4.9%, of reported spot Bitcoin ETF holdings, up from 3.2% in Q2.
The data is a Sept. 30 snapshot, before Bitcoin's later drop: US spot Bitcoin ETFs have seen roughly $2.1 billion in net outflows so far in Q4, per SoSoValue.
⭐ Growing bank exposure points to a stickier, longer-term investor base for Bitcoin ETFs, even as recent outflows weigh on sentiment.
#Bitcoin #BitcoinETF #IBIT #Institutional
