Bank of Montreal Reveals Bitcoin ETF Holdings

The Bank of Montreal (BMO) disclosed its Spot Bitcoin ETF holdings in a recent 13F US Securities and Exchange Commission (SEC) filing

Julian Fahrer disclosed the Canadian bank’s exposure to Bitcoin ETFs. Furthermore, with nearly $1 trillion in assets, BMO is one of Canada’s largest financial institutions and a member of the appropriately named Big Five.

BMO is the holding institution for the Fidelity (FBTC), Frankin Templeton (AZBC), BlackRock (IBIT), and Grayscale (GBTC) exchange-traded funds, per the filing. This development is a significant illustration of the growing trend in Bitcoin adoption among renowned global asset managers and institutions.

BMO Disclosure of Exposure to Bitcoin ETFs in SEC Filing

The SEC I issued a significant ruling in January 2024 authorizing the distribution of Spot Bitcoin ETFs within the United States. The ruling was anticipated to significantly impact the digital asset sector within the nation and encourage widespread adoption among notable organizations.

The approval caused the product to achieve one of the highest-performing ETFs in the country’s history. The investment vehicle was backed by asset management firms such as BlackRock, creating a novel industry opportunity.

Furthermore, the ongoing disclosure of participants increasingly enhances the overall market sentiment.

Bank of Montreal (BMO) has now disclosed its Bitcoin ETF holdings in a 13F filing with the SEC. One of the largest financial institutions in Canada, it holds positions in four of the most prominent offerings on the market. The iShares above Bitcoin Trust is one of them.

In addition to Wells Fargo, JPMorgan, and the Swiss UBS bank, the bank also possesses positions in the Bitcoin investment offering.

On the other hand, by investing in these Bitcoin ETFs, investors can acquire BTC exposure without having to hold the asset in their hands physically. Without a doubt, this type of Bitcoin exposure will continue to grow. This will be particularly true as the use of ETFs increases in the financial sector.