- In an SEC filing, Bank of Montreal revealed its holdings in Bitcoin ETFs, indicating its foray into the digital asset market.
- The news comes after Spot Bitcoin ETFs were approved by the SEC in January 2024, which sparked a large amount of institutional interest in the digital asset market.
- The holdings of the Bank of Montreal Bitcoin ETF are consistent with similar disclosures made by other big banks, including Swiss Bank UBS, JPMorgan Chase, and Wells Fargo.
In a recent 13F filing with the US Securities and Exchange Commission (SEC), Bank of Montreal (BMO) disclosed its interests in Bitcoin Exchange-Traded Funds (ETFs).
SEC filing reveals the holdings of the Bank of Montreal Bitcoin ETF
The disclosure of Bank of Montreal Bitcoin ETF holdings is a noteworthy step for one of Canada’s top financial institutions, indicating their involvement in the digital asset space.
BMO’s exposure includes a number of noteworthy products, such as GBTC from Grayscale, AZBC from Franklin Templeton, IBIT from BlackRock, and FBTC from Fidelity.
Big Financial Institutions Reveal Their Bitcoin Expenses
Notably, holdings in Bitcoin ETFs from Bank of Montreal have joined a string of announcements from other well-known financial organizations about their exposure to spot Bitcoin ETFs.
The biggest bank in the US, JPMorgan Chase, has also revealed the ETFs it owns, including those from Grayscale, Fidelity, and BlackRock. In a same vein, another big US bank, Wells Fargo, disclosed that it has exposure to spot Bitcoin ETFs. Furthermore, the biggest bank in Switzerland, Swiss Bank UBS, has revealed that it has shares in BlackRock’s spot Bitcoin exchange-traded fund.
All of these announcements highlight how established financial institutions throughout the world are beginning to accept and use Bitcoin more and more.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
