Company disclosures show that Bank of America continued to expand its Bitcoin ETF holdings in the first quarter of this year, with its overall exposure to cryptocurrency ETFs reaching approximately $53 million. Publicly available information indicates that the bank’s allocations are almost entirely focused on Bitcoin products, with no visible positions in Ethereum or Solana.
IBIT holdings rise to $37 million
Documents show that Bank of America significantly increased its stake in BlackRock’s spot Bitcoin ETF, IBIT, during the first quarter, raising its holdings to approximately $37 million. This makes IBIT its largest single position in its cryptocurrency ETF portfolio.
Apart from IBIT, the bank’s remaining cryptocurrency exposure is diversified across multiple spot Bitcoin ETFs, including Bitwise’s BITB, Fidelity’s FBTC, and related products from Grayscale. According to current disclosure standards, Bank of America’s cryptocurrency ETF allocation remains centered on Bitcoin.
The configuration is focused on Bitcoin.
Based on the disclosed results, Bank of America did not show any new positioning in Ethereum or Solana-related products. At least in the publicly disclosed ETF holdings, Bitcoin remains its primary focus.
This reflects that some traditional financial institutions entering the crypto market still prioritize Bitcoin products with higher liquidity and clearer regulatory pathways. Compared to holding tokens directly, ETFs are easier to integrate into traditional institutional systems in terms of custody, compliance, and internal risk management.
Wall Street institutions are also increasing their exposure.
During the same period, other major U.S. banks also increased their exposure to crypto assets through ETFs. According to Morgan Stanley’s first-quarter filing, its spot crypto ETF exposure amounted to approximately $1.24 billion, making it one of the largest traditional financial institutions disclosed to date.
Goldman Sachs continues to hold approximately $690 million in IBIT and $25 million in FBTC. The report also noted that JPMorgan expanded its exposure to related crypto assets during the first quarter, despite the bank’s management having previously expressed reservations about Bitcoin.
Additional information: This article is compiled based on publicly disclosed holdings; the original text does not provide specific data on Bank of America’s holdings of Ethereum or Solana-related ETFs.