BMO Bank - The largest bank in Canada


The Bank of Montreal (BMO), one of Canada's leading financial institutions, has quietly invested approximately $150 million in Bitcoin through spot ETF funds, according to filings submitted to the U.S. Securities and Exchange Commission (SEC).

Cointelegraph has confirmed this information

Specifically, BMO has allocated $139 million to BlackRock's iShares Bitcoin ETF, the largest spot Bitcoin ETF in the market. Additionally, the bank has invested $11 million in other funds such as Ark 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and Grayscale Bitcoin Trust. A small amount of $17,000 was allocated to ProShares Bitcoin ETF, a fund that specializes in investing in Bitcoin futures.

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This move indicates the growing interest of traditional financial institutions in cryptocurrencies. Although BMO has not publicly disclosed its investment strategy in this area, the disclosure of its portfolio at the request of the SEC has shed light on the bank's participation in the Bitcoin market.

Many experts believe that other major banks may also be taking similar steps to invest in cryptocurrencies.



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