According to Bank of America’s latest Q1 13F filing released on May 23 (UTC+8), the bank held a total of approximately $53 million in cryptocurrency ETFs and related equities during the first quarter. BlackRock’s IBIT was its largest single crypto ETF position, valued at around $37 million, with 972,590 shares—up from 719,008 shares in the previous quarter. Its Bitwise holdings were worth approximately $7.98 million, Grayscale’s Mini Fund held about $3.32 million, and Fidelity’s position was valued at around $1.71 million. Additionally, the bank maintained smaller allocations in Grayscale’s GBTC, VanEck’s HODL, and Ark 21Shares products. Meanwhile, Bank of America significantly reduced its exposure to Ethereum ETFs, retaining only 67,492 shares of BlackRock’s Ethereum ETF, worth approximately $1.06 million, and cut its Solana ETF position. Its XRP ETF holding remained unchanged, with 13,000 shares of Volatility Shares XRP ETF still held. Additionally, the bank holds approximately 3.96 million shares of MicroStrategy, valued at around $6.6 billion. (Source: ODAILY)
Bank of America Q1 Holdings Nearly $53M in Crypto ETFs, Adds IBIT, Reduces Ethereum Exposure
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Summary
Bank of America’s Q1 13F filing reveals nearly $53 million in crypto ETFs, with a focus on value investing in crypto assets. The bank holds 972,590 shares of BlackRock’s IBIT, valued at $37 million, up from the prior quarter. Positions in Bitwise, Grayscale Mini Fund, and Fidelity totaled $12.9 million. Ethereum ETF exposure dropped sharply, with only 67,492 shares of BlackRock’s product remaining, worth $1.06 million. Solana ETF holdings were also reduced. XRP ETF exposure remained flat at 13,000 shares of Volatility Shares. ETF news trading also shows BofA holds 3.96 million shares of MicroStrategy, valued at $660 million.
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