Barclays boosts BlackRock Bitcoin ETF stake 48% as banks expand holdings
AI summary
Barclays increased its stake in BlackRock's spot Bitcoin ETF by 48%, reporting a $187 million position as of Sept. 30. Citigroup also disclosed a new $119 million position in Fidelity's Bitcoin ETF. The moves show major banks expanding their exposure to Bitcoin through regulated ETF vehicles, a signal of growing institutional adoption that traders watch as a demand tailwind.
