Barclays Boosts BlackRock Bitcoin ETF Stake by 48% in Q3; Citigroup Opens New FBTC Position

We news on November 11: According to Cointelegraph, Barclays' 13F filing shows that as of September 30, it held 3.94 million shares of BlackRock's spot bitcoin ETF (IBIT), a 48% increase from 2.66 million shares at the end of June, with the position's value rising from about $88.5 million to about $187 million. Citigroup meanwhile opened a new position in Fidelity's spot bitcoin ETF (FBTC) worth about $119 million and increased its IBIT holdings by 50% to about 521,000 shares. According to Bitwise statistics, among the 1,389 institutions that have filed third-quarter reports, banks collectively hold $258 million in spot bitcoin ETFs, with their share rising from 3.2% in the second quarter to 4.9%. JPMorgan, Wells Fargo, and hedge funds Millennium and Schonfeld have not yet filed; the deadline for institutions to submit third-quarter holdings reports is next Monday.