Bank of Montreal Discloses Bitcoin ETF Holdings in SEC Filing: A Significant Investment in Digital Assets

The Bank of Montreal (BMO), Canada's third-largest bank, has made headlines with its disclosure of a substantial investment in spot Bitcoin Exchange-Traded Funds (ETFs). This revelation comes from a recent Securities and Exchange Commission (SEC) filing, signaling a growing acceptance of Bitcoin as an investment asset within traditional financial institutions.

According to Bitcoin.com (14th local time), the Bank of Montreal holds $150 million worth of Bitcoin spot ETFs as of the fourth quarter of last year. This information emerged through a Form 13F-HR filing, a mandatory disclosure for investment firms managing assets exceeding $100 million. Details of BMO’s Bitcoin ETF holdings emerged through a Form 13F-HR filing, a mandatory disclosure required for investment firms managing assets exceeding $100 million.

BMO's investment, totaling approximately $150 million, demonstrates the bank's willingness to explore and integrate digital assets into its investment strategies. This marks a major investment in Bitcoin Exchange-Traded Funds (ETFs). BMO's investment, totaling at about $150 million, underscores the increasing legitimacy and attractiveness of Bitcoin ETFs within the broader investment landscape.

In a recent filing with the U.S. Securities and Exchange Commission (SEC), the Bank of Montreal (BMO) revealed a significant investment in Bitcoin ETFs, totaling approximately $150 million as of the fourth quarter of last year. This move is seen as a strategic decision to capitalize on the growing demand and potential returns associated with Bitcoin.