Barclays Bank has disclosed that it has $131 million in the Bitcoin ETF managed by BlackRock.
Barclays has firmly established itself as the latest major financial institution to enter the Bitcoin ETF arena, reporting a significant position in the iShares Bitcoin Trust (IBIT) in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC).
The UK-based bank now boasts 2,473,064 shares of IBIT, valued at an impressive $131 million as of December 31, according to the Thursday filing.
This strategic purchase occurred in the fourth quarter, from October to December, and aligns perfectly with the substantial surge in Bitcoin prices driven by the recent elections. Bitcoin is currently trading at $97,030.17, reflecting a notable 0.8% increase over the past day, based on data from CoinGecko.
#btc #defi #depin #ETF
Barclays has firmly established itself as the latest major financial institution to enter the Bitcoin ETF arena, reporting a significant position in the iShares Bitcoin Trust (IBIT) in its most recent 13F filing with the U.S. Securities and Exchange Commission (SEC).
The UK-based bank now boasts 2,473,064 shares of IBIT, valued at an impressive $131 million as of December 31, according to the Thursday filing.
This strategic purchase occurred in the fourth quarter, from October to December, and aligns perfectly with the substantial surge in Bitcoin prices driven by the recent elections. Bitcoin is currently trading at $97,030.17, reflecting a notable 0.8% increase over the past day, based on data from CoinGecko.
#btc #defi #depin #ETF