14.02.2025 21:28
**National Bank of Canada Adopts Cautious Approach Towards Bitcoin, Divests Holdings**
The National Bank of Canada has recently expressed its bearish stance on Bitcoin, as evidenced by a strategic move to sell $1.3 million worth of shares in the BlackRock iShares Bitcoin Trust ETF. This decision, reported by Cointelegraph on February 12th, underscores the bank's prudent risk management approach amidst the market's volatility.
The bank's filing with the SEC details the exercise of put options, a mechanism that allows it to divest its holdings from the ETF. This divestment reflects the bank's calculated assessment of the current cryptocurrency market landscape, which is characterized by substantial fluctuations.
The National Bank of Canada's cautious stance towards Bitcoin serves as a reminder for investors to proceed with caution in the ever-changing financial environment. The bank's actions may necessitate reevaluation of holdings, emphasizing the importance of prudent risk management strategies in this evolving market.
