Barclays boosts BlackRock Bitcoin ETF stake 48% as banks expand holdings
Summary
Barclays disclosed 3.94 million shares in BlackRock’s spot Bitcoin ETF at Sept. 30, worth about $187 million, a 48% increase in shares from the previous quarter. Citigroup also reported a new $119 million position in Fidelity’s Bitcoin fund and raised its BlackRock ETF shares by 50%. Among 1,389 institutions that had filed third-quarter reports, banks’ share of reported Bitcoin ETF holdings rose to 4.9% from 3.2%, while investment advisers remained the largest holder group. The figures are preliminary and holdings’ dollar values were boosted by Bitcoin’s Q3 price rise. Filings reflect positions before Q4 ETF outflows, and major institutions had yet to report.
