Barclays has become the latest financial institution that goes beyond the Bitcoin ETF Bogue, and has submitted a new status of Ishares Bitcoin Trust (Ibit) with the US Securities and Exchange Commission (Sec).
The bank, headquartered in the UK, currently owns 2,473,064 shares of IBIT and is worth $ 131 million as of December 31, following Thursday.
The purchase was made from October to December in the fourth quarter, consistent with the surge in the Bitcoin price, which is currently being traded at $ 97,030.17, up 0.8% last day, depending on the Corning Coatry.
This submission has shown that the movement of Barclays is due to the institutional adoption of Crypto -related products, and banks such as Goldman Sachs and JP Morgan also promote Bitcoin ETF in recent months.
As the BTC reached $ 109,000 just before the US president’s inauguration, a large player captured the opportunity to take advantage of the encryption increase without owning the BTC itself.
approval Bitcoin The ETF of the US Securities and Exchange Commission (SEC) has made it easier for these institutions to be exposed to BTCs, and at the same time measure volatility and regulatory problems surrounding direct encryption ownership.
Goldman Sachs, for example, reported 121%of jumps from Bitcoin ETF Holdings, bringing a total of $ 15.7 billion.
Banking Giant JPMORGAN reported that BTC fund exposure increased in recent latest submissions and is currently $ 964,322.
In January 2025, US Bitcoin ETFS has seen an inflow of $ 5 billion and is expected to continue in 2025 with more than $ 50 billion forecasts depending on the Faride Investors data in 2025.
BLACKROCK’s IBIT had the largest net inflow in January, and after $ 3.2 billion, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $ 1.3 billion.
In January alone, Ibit pulled $ 3.2 billion, the best Bitcoin ETF of the month, with almost $ 1.3 billion in Fidelity’s WISE Origin Bitcoin Fund (FBTC).
Analysts have predicted more profits for BTCs for the next few years, and the predictions suggest that they can earn $ 200,000 by late 2025.
Edited by Stacy Elliott.
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