🔥 WALL STREET BANKS ARE STACKING BITCOIN ETFs!
Barclays grew its BlackRock IBIT stake 48% in Q3 to 3.94M shares (~$187M), per its 13F filing.
Citigroup opened a new ~$119M position in Fidelity's FBTC and lifted its IBIT stake by 50%.
Why is this a big deal? Banks now hold 4.9% of reported spot BTC ETF positions, up from 3.2% last quarter (Bitwise data).
Are the big banks quietly accumulating? 👇
Barclays grew its BlackRock IBIT stake 48% in Q3 to 3.94M shares (~$187M), per its 13F filing.
Citigroup opened a new ~$119M position in Fidelity's FBTC and lifted its IBIT stake by 50%.
Why is this a big deal? Banks now hold 4.9% of reported spot BTC ETF positions, up from 3.2% last quarter (Bitwise data).
Are the big banks quietly accumulating? 👇
