Barclays Bank Acquires $131 Million in BlackRock Bitcoin ETF Shares
- Barclays holds 2,473,064 shares of IBIT, valued at $131 million as of December 31.
- The acquisition occurred in the fourth quarter amid a Bitcoin price surge.
- Bitcoin is trading at $97,030.17, marking a 0.8% increase over the past day.
- Goldman Sachs increased its Bitcoin ETF holdings by 121%, totaling $1.57 billion.
- JPMorgan’s BTC fund exposure now totals $964,322.
Barclays’ recent purchase of IBIT shares aligns with a broader trend of institutional adoption of crypto-related products, as evidenced by similar moves from Goldman Sachs and JPMorgan.
Source (2.6)https://decrypt.co/305964/barclays-bank-131-million-blackrock-bitcoin-etf?rand=52368
