Central Bank Quietly Collected Bitcoin: $150 Million Investment Revealed! - Coin Bulletin

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One of Canada's largest banks, Bank of Montreal (BMO), announced in its filings with the U.S. Securities and Exchange Commission (SEC) that it made an investment of approximately $150 million in spot Bitcoin ETF.

Canada's third-largest bank, Bank of Montreal, revealed through documents submitted to SEC that it made an investment of approximately $150 million in spot Bitcoin ETF. The bank distributed these investments to funds of BlackRock, ARK 21Shares, Fidelity, and Grayscale.

Institutional investors managing more than 100 million dollars in assets are required to report to the SEC, so the details of the investment came to light during this process.

In the filing submitted to the SEC by BMO on Thursday, it was stated that the bank made its largest purchase of approximately 139 million dollars in BlackRock's iShares Bitcoin ETF. The remaining 11 million dollars, following BlackRock, were distributed among ARK 21Shares Bitcoin ETF, Fidelity Wise Origin Bitcoin Fund, and Grayscale Bitcoin Trust.

The bank also took a small position of about 17,000 dollars in the ProShares Bitcoin ETF, which invests in Bitcoin futures.

With this move, BMO quietly joined the increasing Bitcoin interest among institutional investors. The bank's move to diversify its strong position in traditional financial markets with digital assets caught attention.

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