Barclays increased its holdings in BlackRock Bitcoin ETF shares by 48% in the third quarter

According to Cointelegraph, Barclays' submitted 13F filing shows that as of September 30, the bank held approximately 3.94 million shares of BlackRock's spot Bitcoin ETF IBIT, an increase of 48% from 2.66 million shares at the end of the second quarter, with a position value of approximately $187 million.

Citigroup disclosed a new position in Fidelity's spot Bitcoin ETF FBTC valued at approximately $119 million, with its IBIT holdings also increasing from about 347,000 shares at the end of the second quarter to about 521,000 shares.

After comparing 1,389 institutions that submitted third-quarter reports as of last Friday, Bitwise found that the total value of spot Bitcoin ETFs held by these institutions rose from $3.35 billion in the second quarter to $5.25 billion. The report noted that the increase in position value does not necessarily indicate new purchases, as IBIT's price rose by approximately 41% in the third quarter.