In Canada, known for its strict regulations and approach towards cryptocurrencies Bitcoin The wind started to blow.
At this point, while Canadian banking giants are entering the US spot Bitcoin ETF arena with investments of millions of dollars, two of the country’s largest banks Scotia Bank and Toronto Dominion Bank (TD Bank) spot BTC ETFHe announced that they invested in .
Banking giants disclosed exposure to US spot Bitcoin ETFs in recent SEC filings.
Scotiabank announced that they have invested more than $1.5 million in three major Bitcoin ETFs: BlackRock-IBIT, Grayscale Bitcoin Trust (GBTC) and Fidelity-FBTC.
TD Bank, Canada’s second largest bank, also announced that it invested $2.18 million in BlackRock-IBIT and ProShares Bitcoin Strategy ETF (BITO).
Although the investment by Canadian banking giants is relatively small compared to other investments, it represents an important step for Canadian banks.
At this point, analysts say that despite the historical volatility and regulatory scrutiny of these ETF investments in Canada, ‘Bitcoin’He said that it indicates that institutional trust in Turkey has increased.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!