BofA Held $53M in Crypto ETFs in Q1, Added BTC ETFs, Reduced ETH Exposure

According to ChainCatcher, U.S. Bank’s latest Q1 13F filing reveals that its total holdings in cryptocurrency ETFs and related equities amounted to approximately $53 million in the first quarter. BlackRock’s IBIT was its largest single crypto ETF position, valued at around $37 million, with 972,590 shares held—significantly up from 719,008 shares in the prior quarter. Bitwise’s BITB position was valued at approximately $7.98 million; the Grayscale Mini Fund held a value of about $3.32 million; and Fidelity’s FBTC position was worth approximately $1.71 million. The bank also maintained smaller allocations in Grayscale’s GBTC, VanEck’s HODL, and Ark 21Shares’ ARKB. Meanwhile, it significantly reduced its exposure to Ethereum ETFs, retaining only 67,492 shares of BlackRock’s Ethereum ETF (ETHA), valued at approximately $1,060,000, and cut its Solana ETF position. The XRP ETF position remained unchanged, with 13,000 shares of Volatility Shares XRP ETF still held. Additionally, U.S. Bank holds approximately 3,960,000 shares of Strategy (MSTR), valued at around $660 million.