Summary
- Bank of Montreal announced it holds $150 million worth of Bitcoin spot ETFs after significantly increasing its position in Q4 last year.
- This represents more than a tenfold increase from the previous quarter, indicating major Canadian banks' growing interest in Bitcoin investments.
- Of the total holdings, $139 million is invested in BlackRock's IBIT, with the remainder distributed among ARK 21Shares, Fidelity, and Grayscale products.
The Bank of Montreal (BMO), Canada's third-largest bank, has increased its holdings in Bitcoin (BTC) spot ETFs during the fourth quarter of last year.
According to Bitcoin.com on the 14th (local time), the Bank of Montreal holds $150 million worth of Bitcoin spot ETFs as of the fourth quarter of last year. This was revealed through the bank's 13F securities holdings report submitted to the U.S. Securities and Exchange Commission (SEC).
This represents more than a tenfold increase from the $13 million purchased in the previous quarter. Specifically, the bank holds $139 million in BlackRock's IBIT, while the remaining $11 million is distributed among products from ARK 21Shares, Fidelity, and Grayscale.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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