Barclays Raises BlackRock Bitcoin ETF Stake 48% to $187 Million in Q3
Barclays increased its holding in BlackRock’s iShares Bitcoin Trust to 3.94 million shares, valued at $187 million, as banks expand exposure to spot Bitcoin ETFs.
COINMAG stories about IBIT, newest first, with key facts and answers to common questions.
Barclays increased its holding in BlackRock’s iShares Bitcoin Trust to 3.94 million shares, valued at $187 million, as banks expand exposure to spot Bitcoin ETFs.
Large Bitcoin holders are increasingly swapping their self‑custodied coins for shares of BlackRock’s iShares Bitcoin Trust, citing kidnapping and hack threats.
Following the massive Binance breach, OneKey founder Yishi Wang warns that BlackRock's IBIT, the largest Bitcoin ETF, is a prime target for state-sponsored hackers due to single-custodian risks.