National Bank of Canada Reveals Substantial Crypto Holdings

National Bank of Canada has disclosed its holdings in several cryptocurrency exchange-traded funds (ETFs) through a recent SEC filing. The bank's total crypto ETF holdings amount to $6.98 million, with a significant portion being invested in the ProShares Bitcoin ETF.

The bank's position in the Bitwise XRP ETF is also notable, with 3,848 shares worth approximately $330,000. This marks one of the largest bets on XRP by a Canadian institution to date.

Notably, National Bank of Canada's exposure to Bitcoin has grown sharply over the past two years, from around $24,000 in 2024 to its current value of approximately $5.31 million.