PANews, May 23: According to Bank of America’s (BofA) latest Q1 13F filing, its total holdings in cryptocurrency ETFs and related stocks amounted to nearly $53 million in the first quarter. BlackRock’s IBIT was its largest single crypto ETF position, valued at approximately $37 million, with 972,590 shares held—significantly up from 719,008 shares in the previous quarter. Holdings in Bitwise (BITB) were valued at approximately $7.98 million; Grayscale’s Mini Fund at approximately $3.32 million; and Fidelity’s FBTC at approximately $1.71 million. Additionally, smaller positions were held in Grayscale’s GBTC, VanEck HODL, and Ark 21Shares (ARKB).
BofA Holds $53M in Crypto ETFs in Q1, Adds BTC, Cuts ETH
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Summary
BofA's Q1 13F filing reveals it held nearly $53 million in crypto ETFs, with a focus on value investing in crypto. Its largest position was in BlackRock’s IBIT at $37 million, up from prior quarters. Bitwise’s BITB held $7.98 million, while Grayscale’s mini-fund held $3.32 million. Fidelity’s FBTC was valued at $1.71 million, with smaller stakes in GBTC, HODL, and ARKB. These moves suggest a strategy aligned with market support and resistance levels.
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