Bank of America Holds $53M in Crypto ETF Exposure, BlackRock’s IBIT Takes the Lead

Highlights:

• Bank of America held nearly $53 million in crypto ETF exposure during the first quarter.
• BlackRock’s IBIT led BofA’s crypto ETF holdings with about $37 million in value.
• Ethereum, XRP, and Solana-linked ETF positions stayed much smaller than Bitcoin ETF exposure.

Bank of America (BofA) increased its exposure to BlackRock’s spot Bitcoin ETF during the first quarter, according to the bank’s latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC). The filing shows that Bank of America held nearly $53 million in crypto ETF exposure across products tied to Bitcoin, Ethereum, XRP, and Solana. Bitcoin made up the main part of that exposure.

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The bank reported 972,590 shares of BlackRock’s iShares Bitcoin Trust ETF, commonly known as IBIT, worth about $37 million. That was higher than its previous reported IBIT position of 719,008 shares.

The move shows that BofA’s crypto ETF exposure remained focused mainly on Bitcoin. A Bitcoin ETF gives investors price exposure to Bitcoin through a traditional stock market product. It does not mean the bank directly holds Bitcoin itself. BlackRock says IBIT seeks to reflect the performance of Bitcoin’s price and offers exposure through an exchange-traded product.

America's Second-Largest Bank Raises IBIT Stake, Cuts Ether and Solana ETF Exposure

America's second-largest bank, Bank of America (BofA), disclosed nearly $53 million in crypto ETF exposure in its latest Q1 13F filing.

BofA significantly increased its BlackRock Bitcoin ETF… pic.twitter.com/XxozQOKlFY

— Wu Blockchain (@WuBlockchain) May 23, 2026

Bitcoin ETFs Lead Bank of America’s Crypto Holdings

IBIT was Bank of America’s largest single crypto ETF holding in the quarter. The filing also showed other Bitcoin ETF positions, including Bitwise’s Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Mini Trust, Grayscale Bitcoin Trust, VanEck’s HODL, and Ark 21Shares’ ARKB.

Among these, Bitwise’s BITB position was worth about $7.98 million. The Grayscale Bitcoin Mini Trust position was valued at around $3.32 million, while Fidelity’s FBTC position was worth about $1.71 million. The remaining Bitcoin ETF positions were smaller.

Ethereum, XRP, and Solana Positions Stay Smaller

Bank of America’s exposure to Ethereum was much smaller than its Bitcoin ETF position. The bank retained 67,492 shares of BlackRock’s iShares Ethereum Trust ETF, known as ETHA, valued at about $1.06 million. This showed a reduction in the Ethereum ETF position compared with the previous quarter.

The filing also showed exposure to an XRP-linked ETF. BofA kept 13,000 shares of the Volatility Shares XRP ETF, meaning that position remained unchanged. Its Solana ETF exposure was also reduced during the quarter, according to the filing.

These smaller positions show that Bank of America did not completely avoid altcoin-linked products. However, the size of the holdings makes the difference clear. Bitcoin remained the main focus, while Ethereum, XRP, and Solana products accounted for only a limited portion of the bank’s reported crypto ETF portfolio.

A Form 13F filing reports certain securities holdings of institutional investment managers. In this case, BofA’s filing shows positions in listed crypto-related investment products, not direct purchases of Bitcoin, Ethereum, XRP, or Solana.

The filing also listed around 3.96 million shares of Strategy, formerly known as MicroStrategy, valued at about $660 million. Strategy is widely followed in the crypto market because of its large Bitcoin treasury position. However, this is an equity holding, not a crypto ETF position.

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