CryptoUnited States

JPMorgan, Barclays and Citi expand Bitcoin ETF holdings

Barclays raised its BlackRock Bitcoin ETF stake by 48%, and Citigroup expanded its exposure too. ARK Invest trimmed some holdings as outflows from Bitcoin ETFs continued.

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Several large financial firms have disclosed changes to their Bitcoin-linked holdings. Barclays reported a 48% increase in its holdings of BlackRock's spot Bitcoin exchange-traded fund, known as IBIT. Citigroup also expanded its exposure, opening a $119 million position in Fidelity's FBTC fund.

JPMorgan held 848,932 Strategy shares at the end of its latest quarterly filing, up 36% from June. It also held 11.4 million IBIT shares worth $540 million at September 30. State Street raised its Strategy stake by 6% to $1.22 billion.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

ARK Invest trimmed its positions in Block and Bullish as outflows from Bitcoin ETFs continued. The moves came while Bitcoin was still struggling to regain its momentum.

Bitcoin ETF positions by bank

  • Barclays IBIT187 million $
  • Citi FBTC119 million $
  • JPMorgan IBIT540 million $

Figures come from the banks' own filings and disclosures.

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Background

Spot Bitcoin ETFs hold the cryptocurrency itself and trade on stock exchanges, so investors can gain exposure without owning Bitcoin directly.

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Bitcoin

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