Bank of America held nearly $53 million in crypto ETFs in Q1, increasing its IBIT holdings while significantly reducing its Ethereum ETF position

According to Bank of America's latest first-quarter 13F filing, the bank held nearly $53 million in cryptocurrency ETFs and related concept stocks during the period.

BlackRock's IBIT was its single largest crypto ETF holding, valued at approximately $37 million, with a total of 972,590 shares — up from 719,008 shares in the previous quarter. Bitwise holdings were valued at around $7.98 million, Grayscale mini fund holdings at about $3.32 million, and Fidelity holdings at roughly $1.71 million. The bank also made minor allocations to products such as Grayscale GBTC, VanEck HODL, and Ark 21Shares.

At the same time, the bank significantly reduced its Ethereum ETF positions, retaining only 67,492 shares of BlackRock's Ethereum ETF, worth about $1.06 million, and cut its exposure to Solana ETFs. Its XRP ETF holdings remained unchanged, with the bank still holding 13,000 shares of the Volatility Shares XRP ETF. Separately, Bank of America also held approximately 3.96 million shares of MicroStrategy, valued at around $660 million.