The post Barclays reveals a stake in the BlackRock Bitcoin ETF appeared on BitcoinEthereumNews.com.

Barclays establishes itself as one of the leading institutional investors in the Bitcoin ETF sector.  According to a 13F document filed with the Securities and Exchange Commission (SEC) last Thursday, the global investment bank revealed that it holds 2.47 million shares of the IBIT, the BlackRock Bitcoin ETF, with a total value of 131.2 million dollars as of December 31, 2024. Barclays enters the Bitcoin ETF market with a significant position This new participation represents an important turning point for Barclays, which in the previous quarter had declared only a minimal position in the Bitcoin Mini Trust ETF of Grayscale.  Now, with a significantly higher investment in BlackRock’s IBIT, the bank confirms its growing interest in the cryptocurrency market, while maintaining a relatively contained exposure.  In fact, despite the value of 131 million dollars, Barclays’ participation in IBIT represents only 0.04% of its overall portfolio, which amounted to 356.9 billion dollars at the end of 2024. The acquisition of the stake in BlackRock’s Bitcoin ETF took place during the fourth quarter of 2024, a period marked by the re-election of Donald Trump, known for his favorable stance on cryptocurrencies.  This political scenario may have influenced Barclays’ decision to increase its exposure to Bitcoin through a regulated ETF, rather than holding the cryptocurrency directly or relying on other more traditional financial instruments. Barclays among the main investors in BlackRock’s IBIT Barclays’ holdings in IBIT place it among the top ten holders of the ETF, according to Fintel data.  However, the main known institutional investor of IBIT remains Goldman Sachs, with over 24 million shares valued at an estimated 1.3 billion dollars. Goldman Sachs has also invested 294 million dollars in the Fidelity Bitcoin ETF (FBTC), bringing the total of its holdings in Bitcoin ETFs to over 1.6 billion dollars. Other notable…

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Filed under: News - @ February 17, 2025 6:19 pm