
The National Bank of Canada (BNC), one of the largest financial institutions in the country, appears to be taking a cautious, even bearish, stance on bitcoin. According to a recent filing with the Securities and Exchange Commission (SEC), the bank has acquired a put option on a portion of its holdings in BlackRock's Bitcoin ETF (IBIT). This option would allow it to sell over $1.3 million worth of Bitcoin ETF, indicating a possible anticipation of a decline in the asset's price.
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