Barclays Increases BlackRock Bitcoin ETF Holdings by 48% in Q3

TechFlow news, November 11, according to Cointelegraph, 13F filings submitted by Barclays show that as of September 30, the bank held approximately 3.94 million shares of BlackRock's spot Bitcoin ETF IBIT, up 48% from 2.66 million shares at the end of Q2, with holdings worth approximately $187 million.

Citi disclosed a new position in Fidelity's spot Bitcoin ETF FBTC worth approximately $119 million, and its IBIT holdings also increased from approximately 347,000 shares at the end of Q2 to approximately 521,000 shares.

After comparing 1,389 institutions that had filed Q3 reports as of last Friday, Bitwise found that their combined spot Bitcoin ETF holdings rose from $3.35 billion in Q2 to $5.25 billion. The report noted that the increase in holdings value does not necessarily indicate new purchases, as IBIT's price rose approximately 41% in Q3.

Source: TechFlow