Bank of America Holds Nearly $53 Million in Crypto ETFs in Q1, Increases IBIT Stake and Significantly Reduces Ethereum ETF Holdings

Odaily Planet Daily News According to the latest Q1 13F filing by Bank of America, the total scale of its cryptocurrency ETFs and related concept stocks held in the first quarter approached $53 million.

BlackRock's IBIT is its largest single crypto ETF holding, valued at approximately $37 million, with a total of 972,590 shares, an increase from 719,008 shares in the previous quarter. The Bitwise holding is valued at about $7.98 million, the Grayscale Mini Trust holding at about $3.32 million, and the Fidelity holding at about $1.71 million. Additionally, it has small allocations to products such as Grayscale GBTC, VanEck HODL, and Ark 21Shares.

At the same time, it has significantly reduced its Ethereum ETF holdings, currently retaining only 67,492 shares of the BlackRock Ethereum ETF, with a total value of approximately $1.06 million, and has cut its exposure to the Solana ETF. The XRP ETF remains at its original scale, still holding 13,000 shares of Volatility Shares XRP ETF. Meanwhile, Bank of America also holds approximately 3.96 million shares of MicroStrategy, valued at about $660 million.