- Bank of America raised its BlackRock IBIT holdings to nearly $37.3 million in Q1 2026.
- The bank reduced ETH and SOL ETF exposure while keeping XRP holdings unchanged.
- Total crypto ETF exposure reached roughly $53.1M across BTC, ETH, XRP, and SOL products.
Bank of America disclosed roughly $53.1 million in crypto ETF holdings in its latest Q1 2026 13F filing with the U.S. Securities and Exchange Commission.
The filing shows the bank increased its Bitcoin exposure through BlackRock’s iShares Bitcoin Trust (IBIT) while reducing positions tied to Ethereum and Solana products.
The biggest position sits in IBIT. Bank of America now holds 972,590 shares worth about $37.3 million, up from 719,008 shares in the previous quarter. Bitcoin made up the clear majority of the bank’s crypto ETF allocation.
The filing also showed smaller Bitcoin ETF positions across multiple issuers. The bank reported around $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale Bitcoin Mini Trust, and roughly $1.71 million in Fidelity’s FBTC. Exposure to GBTC, VanEck’s HODL, and ARKB remained on the books as well.
Bitcoin Allocation Keeps Growing
Bank of America added only to its IBIT position while trimming exposure elsewhere in the crypto ETF segment. The move separated Bitcoin from the rest of the market within the bank’s allocation strategy.
The filing points to a more selective approach rather than broad crypto expansion. Bitcoin exposure increased while Ethereum and Solana positions moved lower.
Its Ethereum allocation now stands at roughly $1.06 million through BlackRock’s ETHA ETF. The bank reported ownership of 67,492 ETHA shares after reducing the position during the quarter.
Also, the Bank of America sold 700 shares of the Volatility Shares 2x Solana ETF and kept 10,296 shares of the standard Solana ETF valued at about $86,000.
XRP exposure stayed unchanged. The bank continued to hold 13,000 shares of the Volatility Shares XRP ETF worth nearly $98,500, according to the filing data.
Strategy Position Dwarfs ETF Holdings
The ETF positions remain small compared to Bank of America’s overall balance sheet, but the filing also revealed a much larger indirect Bitcoin bet through Strategy stock.
The bank disclosed ownership of 3.96 million shares of Strategy, formerly MicroStrategy, valued at nearly $660 million. This position alone is more than twelve times larger than the bank’s direct crypto ETF exposure.
The filing also showed positions in Strike preferred shares, convertible notes, and crypto-linked equities, including American Bitcoin Corp, Bitmine Immersion, Hyperliquid Strategies, Coinbase, Circle, MARA Holdings, Riot Platforms, and CleanSpark.
The structure of the portfolio shows the bank still prefers equity-based Bitcoin exposure at scale while using ETFs more cautiously.
Related: Bank of America Authorizes 15,000 Advisors to Pitch Bitcoin; CIO Sets ‘1-4% Allocation’ Standard
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