Canada's 4th largest bank and Switzerland’s largest bank unveil exposure to several Bitcoin ETFs

The recent disclosure by the Bank of Montreal and Swiss Bank UBS disclosed its exposure to spot Bitcoin ETFs, following the trend of conventional financial institutions purchasing Bitcoin ETFs.

The recent 13F filing with the U.S Securities and Exchange Commission (SEC) reveals that the Bank of Montreal (BMO), one of Canada's largest financial institutions and part of the aptly named Big Five, has disclosed its holdings in various Bitcoin ETF offerings. The filing also reveals the holdings of Swiss Bank UBS, the largest bank in Switzerland, with a significant stake in iShares Bitcoin Trust (IBIT).