In a significant move, major global banks are embracing Bitcoin Exchange-Traded Funds (ETFs), marking a notable shift in traditional finance towards digital assets.

Canada’s Bank of Montreal (BMO) and Swiss banking giant UBS have emerged as frontrunners in this new trend. Both banks have disclosed their holdings in Bitcoin spot ETFs, signaling a strategic move towards integrating bitcoin into traditional financial portfolios.

According to recent Securities and Exchange Commission (SEC) filings, BMO controls over $1 trillion in spot Bitcoin ETF exposure.

This includes holdings in Fidelity (FBTC) with 9,778 shares worth $540,332, Franklin Templeton (EZBC) with 8,795 shares…

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