Barclays Increases Holdings of BlackRock Bitcoin ETF Shares by 48% in Q3

on November 11, according to Cointelegraph, Barclays' 13F filings show that as of September 30, the bank held approximately 3.94 million shares of BlackRock Spot Bitcoin ETF IBIT, an increase of 48% from 2.66 million shares at the end of Q2, with a holding value of approximately $187 million.

Citigroup disclosed a new holding of Fidelity 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.

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