Bank of America held approximately $53 million in crypto ETFs in the first quarter, increasing its BTC holdings and reducing its ETH holdings
According to the latest Q1 13F filing released by Bank of America (BofA), its holdings in cryptocurrency ETFs and related concept stocks in the first quarter totaled nearly $53 million.
BlackRock (IBIT) is its largest single cryptocurrency ETF holding, valued at approximately $37 million. It holds a total of 972,590 shares, showing significant continued inflow compared to 719,008 shares in the previous quarter; Bitwise (BITB) has a holding valued at approximately $7.98 million; Grayscale Mini Fund has a holding valued at approximately $3.32 million; Fidelity (FBTC) has a holding valued at approximately $1.71 million. Additionally, there are small allocations to Grayscale GBTC, VanEck HODL, and Ark 21Shares (ARKB) products. At the same time, it has significantly reduced its holdings in Ethereum ETFs, currently retaining only 67,492 shares of BlackRock Ethereum ETF (ETHA), with a total value of approximately $1,060,000; it has cut its exposure to Solana ETFs. The XRP ETF remains at its original size, currently holding 13,000 shares of Volatility Shares XRP ETF.
Meanwhile, Bank of America also holds approximately 3,960,000 shares of Strategy (MSTR), valued at about $660 million.
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