Bank of America's Q1 13F Shows Nearly $53M in Crypto ETF Exposure; IBIT Added, Ethereum Cut

Bank of America's latest Q1 13F filing, released May 23 (UTC+8), shows the bank held about $53 million in cryptocurrency ETFs and related equities during the first quarter. BlackRock's iShares Bitcoin Trust (IBIT) was its largest single crypto ETF position, valued at roughly $37 million. The bank reported 972,590 shares, up from 719,008 in the prior quarter. Other positions included Bitwise holdings worth about $7.98 million, Grayscale's Mini Fund at around $3.32 million, and Fidelity at approximately $1.71 million. Bank of America also disclosed smaller allocations in Grayscale's GBTC, VanEck's HODL, and Ark 21Shares products. The filing shows a sharp pullback in Ethereum ETF exposure. The bank retained only 67,492 shares of BlackRock's Ethereum ETF, valued at about $1.06 million, and also reduced its Solana ETF position. Its XRP ETF stake was unchanged, with 13,000 shares of the Volatility Shares XRP ETF. Separately, Bank of America reported holding about 3.96 million shares of MicroStrategy, valued at roughly $6.6 billion. (Source: ODAILY)