Bank of America Increases Bitcoin ETF Holdings to $53M in Q1, Reduces Ethereum Exposure

According to ChainCatcher, citing Bank of America's Q1 13F filing, the U.S. bank held approximately $53 million in crypto ETFs and related securities during the first quarter of 2026. BlackRock's Bitcoin ETF (IBIT) was its largest single crypto holding, valued at approximately $37 million across 972,590 shares, up significantly from 719,008 shares in the prior quarter. Bitwise Bitcoin ETF (BITB) accounted for $7.98 million in holdings, with smaller positions in Grayscale mini funds ($3.32 million) and Fidelity Bitcoin ETF (FBTC) ($1.71 million).

Meanwhile, Bank of America significantly reduced its Ethereum ETF exposure, retaining only 67,492 shares of BlackRock's Ethereum ETF (ETHA) valued at $1.06 million. The bank also reduced its Solana ETF holdings while maintaining its XRP ETF position at 13,000 shares.