Citigroup Takes $119 Million Position in Fidelity Bitcoin…
By Abdelaziz Fathi
AI summary of the source article
Barclays and Citigroup increased their spot Bitcoin ETF holdings during the third quarter. Citigroup reported a new $118.9 million stake in Fidelity's Wise Origin Bitcoin Fund, while Barclays expanded its iShares Bitcoin Trust ETF holdings by 48%.
Why it matters
The bank filings matter less as evidence of a single bullish trade and more as evidence that Bitcoin ETFs are becoming standard instruments inside large financial institutions. Banks can now hold, hedge, trade and offer exposure through infrastructure already used for conventional ETFs.
Key facts
- Barclays increased its iShares Bitcoin Trust ETF holdings by 48% to 3.94 million shares valued at about $186.7 million as of Sept. 30.
- Citigroup added a new position of 1.64 million shares in Fidelity's Wise Origin Bitcoin Fund worth approximately $118.9 million.
- Citigroup also increased its IBIT holdings by approximately 50% to 521,144 shares worth about $24.7 million as of Sept. 30.
Source excerpt · FinanceFeeds
Barclays increased its reported holdings of BlackRock’s spot Bitcoin exchange-traded fund by 48% during the third quarter, adding to early evidence that major banks continued building exposure to regulated Bitcoin investment products. The British bank reported 3.94 million shares of the iShares Bitcoin Trust ETF, or IBIT, worth approximately $186.7 million as of Sept. 30, according to its latest F…