Barclays Boosts Bitcoin ETF Holdings By 48% — Can BTC Reclaim $80,000?
By Michael B
Wall Street’s relationship with Bitcoin continues to evolve. Barclays has disclosed a 48% increase in its holdings of BlackRock’s spot Bitcoin exchange-traded fund, while Citigroup has also expanded its exposure. The filings arrive as Bitcoin struggles to recover its momentum, raising an important question: could…
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundMore in Bitcoin
From the blog
Analyst Egrag Crypto Explains Why XRP Trails Bitcoin and ETH Since Nov 4
Cryptocurrency analyst EGRAG CRYPTO examines why XRP is underperforming compared to Bitcoin, Ethereum, and Solana since November 4, evaluating potential…
Elara Winter3 min readInstitutional Investors Are Accumulating XRP: Recent Events Explained
Institutional investors are actively accumulating XRP and other digital assets despite a flat market and falling prices. On-chain data reveals…
Elara Winter3 min read
XRP Surges Past Bitcoin in South Korean Trading Volumes
XRP has surpassed Bitcoin to secure the top spot in 24-hour trading volume on South Korea's premier exchange, Upbit, amassing…
Elara Winter2 min read