The US Securities and Exchange Commission (SEC) recently received a 13F filing from the Bank of Montreal (BMO), which revealed its holdings in the Spot Bitcoin ETF. Julian Fahrer did reveal the Canadian bank’s exposure to Bitcoin ETFs. Furthermore, with around $1 trillion in assets, BMO is one of Canada’s most famous financial institutions and an aptly named Big Five member.
According to the filing, the Bank of Montreal (BMO) holds ETF offerings from Fidelity (FBTC), Frankin Templeton (AZBC), BlackRock (IBIT), and Grayscale (GBTC). This development is another critical illustration of how some of the world’s most prestigious banks and asset managers are adopting Bitcoin.
Bank of Montreal Discloses Total BTC ETF
In January 2024, the SEC made history by authorizing the issuing of Spot Bitcoin ETFs in the United States. The verdict is expected to increase adoption among significant businesses and substantially impact the country’s digital asset market.
Following the approval, the product became one of the best-performing ETFs in the country’s history. BlackRock and other asset management businesses have supported the investment vehicle, creating a new opportunity for the sector. Furthermore, the market gains even more from the constant updates on who joins.
Bank of Montreal (BMO) has revealed its Bitcoin ETF holdings in a new 13F filing with the SEC. One of Canada’s leading financial organizations owns four of the market’s most popular deals. One of these is the iShares Bitcoin Trust, shown above.
The bank joins Wells Fargo, JPMorgan, and Swiss bank UBS in participating in the Bitcoin investment scheme. Conversely, these Bitcoin ETFs expose investors to BTC without forcing them to hold the asset physically. This type of Bitcoin exposure is undoubtedly going to increase. This will be especially true if ETFs gain popularity in the financial industry.