Bank of Montreal discloses XRP holdings in SEC 13F filing

Published Aug 15, 04:00 PM UTC

The Bank of Montreal (BMO), Canada's oldest bank founded in 1817, has disclosed its cryptocurrency holdings in a 13F filing with the U.S. SEC. The filing reveals BMO holds exposure to XRP through the Rex Osprey XRP ETF ($2,771) and ProShares Ultra XRP ETF ($199). The bank also holds significant positions in Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust ETF ($153.84 million), and Ethereum ETFs. Additionally, BMO holds shares in crypto-related companies such as Strategy ($61.66 million), Coinbase ($193.83 million), Block ($31.13 million), and Robinhood ($105.41 million). This follows a similar disclosure by the National Bank of Canada, signaling growing institutional adoption of cryptocurrencies by traditional Canadian banks.