National Bank of Canada reports crypto ETF stakes, including $3.07 million in Fidelity’s FBTC as of June 30
AI Market Summary
National Bank of Canada's 13F filing shows multi-million dollar exposure to crypto ETFs, led by Fidelity's spot Bitcoin fund (FBTC) at roughly $3.07m, alongside positions in BITO and Grayscale products. A large regulated bank allocating across listed vehicles signals incremental institutional participation and improving distribution channels for crypto beta. Near term, this can support sentiment and liquidity around Bitcoin-linked products.
Impact level
● Medium
Affected assets
BTC/USDT-0.46%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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National Bank of Canada disclosed its holdings in several cryptocurrency ETFs in a 13F filing with the U.S. Securities and Exchange Commission. As of June 30, the bank reported positions including the Bitwise XRP ETF, the ProShares Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund, and the Grayscale Bitcoin Trust ETF. Its largest crypto investment was the Fidelity fund, valued at about $3.07 million. The bank also held a smaller position in the Grayscale Bitcoin Mini Trust ETF, and its shares have risen 53% over the past 12 months.
