United Kingdom’s Banking Giants Barclay’s revealed it has invested about $131 million into Blackrock’s IBIT Alternate Traded Funds.
The data was revealed in a 13F submitting to america Securities and Alternate Fee (SEC), sharing key particulars in regards to the financial institution’s IBIT place.
The UK-based financial institution holds 2,473,064 shares of IBIT, valued at $131 million as of December 31.
In keeping with the submitting, the acquisition befell in the course of the fourth Quarter of final 12 months, aligning with Donald Trump’s Induced Bull Run throughout that interval.
Bitcoin, the flagship crypto asset, broke its all-time excessive of $73,737 throughout the identical interval and surged as excessive as $98,000. The rise in Bitcoin’s value throughout this quarter might have triggered the financial institution’s funding.
Barclay’s Financial institution joins the League of Monetary Behemoths by investing in Bitcoin straight or not directly by way of exchange-traded funds.
Different banking giants, resembling Goldman Sachs and JP Morgan, have additionally lately bought Bitcoin ETFs, including to the liquidity flowing into the crypto market from institutional buyers.
Blackrock’s IBIT Main the Onboarding of Institutional Buyers
Blackrock’s IBIT launched in January 2024 is the biggest Bitcoin ETF product by way of inflows and Property Beneath Administration
BlackRock’s iShares Bitcoin Belief (IBIT) manages roughly $56.3 billion in belongings.
The ETF product appears to be the go-to for conventional monetary buyers seeking to get into the digital belongings market. A number of outstanding monetary establishments have invested in IBIT:
Morgan Stanley: Held round $187 million value of IBIT shares as of June 30, 2024.
Financial institution of Montreal (BMO): Allotted $139 million to IBIT, as reported in a January 13, 2025, SEC submitting.
Barclays: Disclosed holdings of two,473,064 IBIT shares, valued at $131 million as of December 31, 2024.
Moreover, the State of Wisconsin Funding Board invested almost $100 million in IBIT.
The ETF product by the world’s largest Asset Supervisor is successfully main the onboarding of institutional buyers into the crypto market.
Blackrock additionally has an Ethereum ETF product generally known as BlackRock’s iShares Ethereum Belief ETF.
The Blackrock ETHA hasn’t carried out like its Bitcoin counterpart because of a bunch of structural and elementary causes.
