Barclays increased its stake in BlackRock’s Bitcoin ETF, the IBIT fund, by 48%, according to preliminary data. The development comes as advisers at major banks and wealth platforms can now recommend Bitcoin ETFs to their clients. JPMorgan, Wells Fargo, and hedge funds Millennium and Schonfeld have not yet reported their positions, which are due ahead of the upcoming deadline. US spot Bitcoin ETFs recorded about $6.34 billion in net inflows during the third quarter, followed by roughly $2.1 billion in net outflows in the fourth quarter through Tuesday.
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