United Kingdom’s Banking Giants Barclay’s revealed it has invested about $131 million into Blackrock’s IBIT Trade Traded Funds.
The knowledge was revealed in a 13F submitting to the US Securities and Trade 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 submitting, the acquisition passed off 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 value throughout this quarter may have triggered the financial institution’s funding.
Barclay’s Financial institution joins the League of Monetary Behemoths by investing in Bitcoin immediately or not directly by exchange-traded funds.
Different banking giants, equivalent to 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 most important Bitcoin ETF product when it comes to inflows and Belongings 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 traders seeking to get into the digital belongings market. A number of distinguished 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 traders into the crypto market.
Blackrock additionally has an Ethereum ETF product often known as BlackRock’s iShares Ethereum Belief ETF.
The Blackrock ETHA hasn’t carried out like its Bitcoin counterpart resulting from a bunch of structural and elementary causes.
