Bank of Montreal invests $150M in BTC ETFs, with majority in BlackRock's IBIT

The Bank of Montreal (BMO), a Canadian financial institution, has invested about $150 million in several spot Bitcoin (BTC) ETFs, according to Bitcoin.com, which cited the bank's 13F filing with the U.S. Securities and Exchange Commission (SEC). $139 million of this investment was allocated to BlackRock's IBIT. The rest, totaling $11 million, was divided among three other funds: ARK Invest's ARKB, Fidelity's FBTC and Grayscale's GBTC.