Bank of America’s Crypto ETF Holdings Reach $53 Million in First Quarter, Led by BlackRock’s IBIT
Summary
- Bank of America’s total holdings in crypto ETFs and related thematic stocks stood at about $53 million in the first quarter.
- BlackRock’s IBIT was the bank’s largest spot Bitcoin ETF holding at 972,590 shares (about $37 million).
- Bank of America reduced its altcoin-related ETF exposure tied to Ethereum and Solana, while holding about 3.96 million shares of MicroStrategy (about $660 million).
Forecast Trend Report by Period
Bank of America increased its holdings of spot Bitcoin exchange-traded funds in the first quarter while reducing exposure to altcoin-related ETFs tied to Ethereum and Solana.
The bank’s first-quarter 13F filing, released on May 22, showed total holdings of about $53 million in crypto ETFs and related thematic stocks.
BlackRock’s IBIT was Bank of America’s largest crypto ETF position. The bank raised its holding to 972,590 shares from 719,008 shares in the previous quarter. The stake was valued at about $37 million.
It also held about $7.98 million of Bitwise’s BITB, $3.32 million of Grayscale Bitcoin Mini Trust and $1.71 million of Fidelity’s FBTC. Bank of America also allocated smaller amounts to Grayscale’s GBTC, VanEck’s HODL and ARK 21Shares’ ARKB.
The bank cut its altcoin ETF exposure. Among spot Ethereum ETFs, it retained only 67,492 shares of BlackRock’s ETHA, worth about $1.06 million, and it also reduced its Solana ETF holdings. Its position in Volatility Shares’ XRP ETF was unchanged from the previous quarter at 13,000 shares.
The filing also disclosed Bank of America’s holdings in crypto-related companies. The bank owned about 3.96 million shares of MicroStrategy, valued at roughly $660 million.
