#CryptoAdoption This is a huge step, to be honest.
The fact that the Bank of Montreal — a large, traditional, conservative financial organization — invested 150 million dollars in spot Bitcoin ETFs (of which 139 million is in the Bitcoin ETF from BlackRock) shows a serious level of confidence that Bitcoin is becoming mainstream.
It's not just about the size of the investments — it's important who is investing. Large banks like BMO are accountable to shareholders, regulators, risk committees… So their decision to invest indicates that Bitcoin is no longer considered something 'marginal' or exclusively 'speculative'. It is gradually becoming part of diversified institutional portfolios.
It is also interesting that they allocated 11 million among three other Bitcoin funds — this indicates strategic diversification even within the Bitcoin market.
This could trigger a chain reaction — other banks and funds may follow their lead because no one wants to be left behind if Bitcoin suddenly rises in price and related assets become extremely profitable.$BTC