Quantcast
Channel: Cointribune
Viewing all articles
Browse latest Browse all 3409

A Bet Of $1.3 Billion: The National Bank Of Canada Anticipates A Drop In Bitcoin

$
0
0
Canadian National Bank official concerned about bitcoin situation

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.

L’article A Bet Of $1.3 Billion: The National Bank Of Canada Anticipates A Drop In Bitcoin est apparu en premier sur Cointribune.


Viewing all articles
Browse latest Browse all 3409

Trending Articles