National Bank Canada Boosts Crypto Holdings with Multi-Million Dollar Investments

The National Bank of Canada has made significant investments in cryptocurrency exchange-traded funds (ETFs), according to recent filings with the US Securities and Exchange Commission.

The bank revealed its substantial holdings in various ETFs, including a notable stake in the Bitwise XRP ETF, where it holds 3,848 shares valued at approximately $330,000.

This move underscores growing institutional interest in digital assets, particularly in light of evolving regulatory conditions.

The National Bank's largest investment in cryptocurrencies is through the ProShares Bitcoin ETF, with a holding of 42,321 shares amounting to around $5.31 million.