Bank of America Increases Bitcoin ETF Exposure

America’s second-largest bank, Bank of America, disclosed nearly $53M in crypto ETF exposure in its latest Q1 13F filing.

Key highlights:

🔹 BofA raised its BlackRock Bitcoin ETF ($IBIT) holdings to around $37M

🔹 The bank reduced exposure to Ethereum and Solana ETFs

🔹 Smaller positions were also held in other Bitcoin ETFs, including BITB, FBTC, and Grayscale products

The filing suggests continued institutional preference toward Bitcoin exposure over broader crypto assets.