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- Bank of America reported $53M in crypto ETF exposure, led by BlackRock’s IBIT fund.
- IBIT holdings rose to 972,590 shares, valued at about $37.3M by quarter-end filing.
- Strategy stakes near $660M dwarfed direct crypto ETF holdings by over twelve times.
Bank of America reported about $53 million in crypto ETF exposure in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust leading its listed digital asset fund positions for the quarter ended March 31, 2026.
The filing shows that Bitcoin products made up most of the bank’s reported crypto ETF basket. Ether, Solana, and XRP-linked products were smaller parts of the same filing.
Bank of America held 972,590 shares of IBIT at quarter-end. The position was valued at about $37.3 million, up from 719,008 shares in the previous filing.
IBIT Leads Bank of America Crypto ETF Holdings in Q1
That made IBIT the bank’s largest single crypto ETF position. The increase showed a larger reported stake in BlackRock’s spot Bitcoin fund during the quarter.
The bank also listed smaller Bitcoin ETF holdings from other issuers. These included about $7.98 million in Bitwise’s BITB and $3.32 million in Grayscale’s Bitcoin Mini Trust.
Its filing also disclosed approximately $1.71 million in Fidelity’s FBTC. Other smaller holdings in GBTC, VanEck’s HODL, and ARKB were also carried over.
Exposure to Ether products was reduced for the same period. Bank of America reduced its stake by 13,572 shares to 67,492 shares of BlackRock’s ETHA.
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This allocation of Ethereum was worth almost $1.06 million. The filing also revealed that the bank’s holdings were relatively modest in terms of Solana compared to the holdings of the bank’s Bitcoin ETF.
Bank of America has sold 700 shares of the Volatility Shares 2x Solana ETF. It held 10,296 shares of the regular Solana ETF, which were worth almost $86,000.
Strategy Stake Tops Crypto ETF Exposure
In the filing, the bank’s XRP exposure remained unchanged. It still has 13,000 XRP ETF shares worth approximately $98,500.
The reported crypto ETF positions were significantly lower than the bank’s crypto equity exposure. The filing revealed 3.96 million shares of Strategy, formerly MicroStrategy, worth close to $660 million.
The attention on Strategy is especially high due to its vast treasury of Bitcoin. Bank of America’s Strategy stake was more than twelve times larger than its direct crypto ETF exposure at quarter-end.
This Form 13F-HR has been filed with the U.S. Securities and Exchange Commission. The SEC’s filing page indicated that the filing was made on May 18 with a reporting period of March 31.
In addition, Wells Fargo also disclosed regulated exposure to crypto products in its Q1 filing. It had the greatest exposure in its cryptocurrency ETF in IBIT, which was worth approximately $250 million.
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