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Bank of America shifts crypto holdings, boosting Bitcoin exposure while cutting Ethereum and Solana.

Market News
24 May 2026
UToday
View Source
Bullish
pluang ai news

Bank of America has reallocated its cryptocurrency portfolio in Q1 2026 by increasing its investment in Bitcoin, particularly through BlackRock's iShares Bitcoin Trust, which now makes up about 70% of its crypto holdings. Meanwhile, the bank has reduced its exposure to Ethereum and Solana, signaling a strategic preference for Bitcoin over other smart-contract platforms. This move reflects a broader trend among major financial institutions adjusting their digital asset strategies amid evolving market conditions. Other banks like Morgan Stanley and JPMorgan are also increasing their crypto investments, highlighting growing institutional interest in Bitcoin and related ETFs.

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