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

The National Bank of Canada has ventured boldly into the realm of cryptocurrencies. The bank has made $2 million investments in Bitcoin exchange-traded funds (ETFs), changing the way conventional finance views digital assets. This choice emphasizes the evolving scene of controlled crypto investments and the increasing institutional curiosity in Bitcoin.

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.

By means of Bitcoin ETFs, one can invest in Bitcoin free from the complications of direct ownership, including security of private keys or navigating cryptocurrency exchanges. This investment also coincides with a period of erratic BTC prices, which have lately ranged between $95,000-$97k.