The National Bank of Canada has purchased $2 million worth of Bitcoin exchange-traded funds (ETFs), signaling growing interest from traditional financial entities in the crypto market. The move is seen as a potential signal of increasing institutional interest in Bitcoin, and it is suggested that other Canadian banks may follow suit. However, some critics within the crypto community question why banks are opting for ETFs instead of holding Bitcoin directly. BlackRock's recent launch of a Bitcoin ETF in Canada has also expanded options for investors seeking exposure to Bitcoin through regulated financial instruments. Central banks around the world, including the US and Czech Republic, are reportedly evaluating potential Bitcoin investments. Additionally, Bitcoin ETFs have gained prominence in the broader ETF market, with three of them entering the top 100 by assets under management.



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