Bank of America Holds Nearly $53 Million in Crypto ETFs in Q1, Increases IBIT Position While Significantly Reducing Ethereum ETF Holdings

According to Bank of America's latest 13F filing for the first quarter, the total scale of its cryptocurrency ETF and related concept stock holdings reached nearly $53 million.
BlackRock's IBIT was its single largest crypto ETF position, valued at approximately $37 million, with 972,590 shares held, an increase from 719,008 shares in the previous quarter. The Bitwise position was valued at approximately $7.98 million, the Grayscale Mini Fund position at approximately $3.32 million, and the Fidelity position at approximately $1.71 million. Additionally, the bank allocated small amounts to products such as Grayscale GBTC, VanEck HODL, and Ark 21Shares.
At the same time, it significantly reduced its Ethereum ETF holdings, retaining only 67,492 shares of the BlackRock Ethereum ETF, valued at approximately $1.06 million, and trimmed its Solana ETF exposure. The XRP ETF position remained unchanged, with the bank still holding 13,000 shares of the Volatility Shares XRP ETF. Meanwhile, Bank of America also holds approximately 3.96 million shares of MicroStrategy, valued at about $660 million.