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 the USA Securities and Alternate Fee (SEC), sharing key particulars concerning 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 filing, the acquisition befell in the course of the fourth Quarter of final yr, 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 worth 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 instantly or not directly by way of exchange-traded funds.
Different banking giants, reminiscent of Goldman Sachs and JP Morgan, have additionally just lately bought Bitcoin ETFs, including to the liquidity flowing into the crypto market from institutional traders.
Blackrock’s IBIT Main the Onboarding of Institutional Traders
Blackrock’s IBIT launched in January 2024 is the biggest Bitcoin ETF product by way of inflows and Belongings Beneath Administration
BlackRock’s iShares Bitcoin Belief (IBIT) manages roughly $56.3 billion in property.
The ETF product appears to be the go-to for conventional monetary traders seeking to get into the digital property market. A number of distinguished monetary establishments have invested in IBIT:
Morgan Stanley: Held round $187 million price 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 practically $100 million in IBIT.
The ETF product by the world’s largest Asset Supervisor is successfully main the onboarding of institutional traders 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.
