The global banking powerhouse Barclays possesses approximately $137 million in BlackRock’s iShares Bitcoin exchange-traded fund (ETF).
The London-based bank revealed that it holds 2,473,064 shares of BlackRock’s IBIT fund in a recent quarterly report submitted to the U.S. Securities and Exchange Commission (SEC).
IBIT, recognized as the largest Bitcoin (BTC) ETF by assets under management (AUM), is priced at $55.33 at the time of this writing, which places Barclays’ stake at roughly $136.8 million.
Additionally, Barclays recently indicated in a 2024 annual report that the United Kingdom’s Financial Conduct Authority (FCA) is investigating the bank regarding possible breaches of anti-money laundering regulations.
The firm explained,
“The FCA’s probe is primarily concerned with the past oversight and management of certain clients identified as having elevated risk. Barclays is fully cooperating with the investigation.”
For several years, Barclays has expressed interest in the blockchain and digital asset sector. In 2024, the bank collaborated with other financial entities and the industry association UK Finance for a pilot project focused on tokenized deposits.
In 2022, it was reported that Barclays intended to acquire a multimillion-dollar interest in Copper, a European cryptocurrency firm focused on developing secure infrastructure for institutions wishing to invest in digital assets. That same year, the bank also supported Elwood Technologies, a platform for crypto infrastructure and market data founded by billionaire Alan Howard.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
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