Barclays lifts IBIT stake 48% as Citi adds $119M in FBTC

Barclays increased its stake in BlackRock's spot bitcoin ETF (IBIT) by 48%, bringing its holdings to nearly $187 million, according to a Nov. 6 SEC filing. Citi separately disclosed a new $119 million position in Fidelity's bitcoin ETF (FBTC) as of Sept. 30. The moves show major banks expanding exposure to bitcoin ETFs, a signal of growing institutional adoption that traders may read as supportive demand for BTC.