CAD $1.3 Trillion Bank of Montreal Bitcoin ETF Holdings Are Now Disclosed

Key Points:

• Bank of Montreal has disclosed holdings in Bitcoin ETFs through an SEC filing, signaling its entry into the digital asset market.
• The disclosure follows the SEC’s approval of Spot Bitcoin ETFs in January 2024, which has catalyzed significant institutional investment in the digital asset space.
• Bank of Montreal Bitcoin ETF holdings align with similar revelations from other major financial institutions like JPMorgan Chase, Wells Fargo, and Swiss Bank UBS.

Bank of Montreal (BMO) has revealed its holdings in Bitcoin Exchange-Traded Funds (ETFs) through a recent 13F filing with the US Securities and Exchange Commission (SEC).

Bank of Montreal Bitcoin ETF Holdings Revealed in SEC Filing

Bank of Montreal Bitcoin ETF holdings disclosure marks a significant move for one of Canada’s leading financial institutions, demonstrating its engagement with the digital asset market. BMO’s exposure encompasses several notable offerings, including Fidelity’s FBTC, Franklin Templeton’s AZBC, BlackRock’s IBIT, and Grayscale’s GBTC.

This announcement comes in the wake of the SEC’s pivotal decision in January 2024 to approve spot Bitcoin ETFs, a move that has reshaped the landscape of digital asset investment in the United States. The approval has positioned these ETFs as some of the best-performing investment vehicles in the country’s history, drawing support from major asset management firms like BlackRock.

Major Financial Institutions Disclose Bitcoin Exposure

Notably, Bank of Montreal Bitcoin ETF holdings join a series of disclosures from other prominent financial institutions regarding their exposure to spot Bitcoin ETFs.

JPMorgan Chase, the largest bank in the US, has also disclosed its holdings in ETFs issued by BlackRock, Fidelity, and Grayscale. Similarly, Wells Fargo, another major US bank, has revealed its exposure to spot Bitcoin ETFs. Additionally, Swiss Bank UBS, the largest bank in Switzerland, has disclosed its investment in BlackRock’s spot Bitcoin ETF.

These disclosures collectively underscore the growing acceptance and adoption of Bitcoin among traditional financial institutions globally.