Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada

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Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada - NewsBTC

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This investment also coincides with a period of erratic BTC prices, which have lately ranged between $95,000-$97k.🚨 National Bank of Canada Invests $2M in Bitcoin ETFs 🇨🇦💰 Canada’s sixth-largest commercial bank ($462B in assets) just made a bold move into Bitcoin, purchasing $2M worth of Bitcoin ETFs.🏦 Institutional adoption is accelerating, with traditional financial giants deepening… pic.twitter.com/aLuBGjUbed — Blockchain North (@BlockchaiNorth) February 13, 2025 Following The Footsteps Of Global Institutions Regarding the reception of Bitcoin ETF, Canada is setting the benchmark.

Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow A Calculated Risk On Bitcoin ETFs The National Bank of Canada decided on ETFs instead of directly purchasing Bitcoin, following a pattern among financial institutions looking for controlled access to the digital asset.

Still, the National Bank of Canada seems to consider ETFs as a safer, more readily available way to expose to Bitcoin free from direct ownership and related legal concerns.