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Bank of America reports $53M crypto ETF exposure, boosting Bitcoin ETF holdings in Q1 2026 filing

Market News
24 May 2026
Crypto news
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Neutral
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Bank of America disclosed about $53 million in crypto ETF holdings in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust (IBIT) as the largest position at around $37 million. The bank increased its Bitcoin ETF exposure while reducing allocations in Ether and Solana ETFs, signaling a focus on Bitcoin products. Smaller Bitcoin ETF stakes were held in Bitwise, Grayscale, and Fidelity products. Notably, the bank’s equity position in Strategy (formerly MicroStrategy), valued near $660 million, dwarfs its direct crypto ETF exposure. This filing reflects a broader institutional trend toward regulated crypto products as preferred digital asset exposure.

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