Bank of America reported around $53 million in crypto ETF exposure in its first-quarter 2026 filing, with most of its investment focused on Bitcoin-related products.
According to the bank’s latest 13F filing with the SEC, the largest position was in iShares Bitcoin Trust (IBIT), managed by BlackRock.
Bank of America held nearly 973,000 shares of IBIT worth about $37.3 million by the end of the quarter, up significantly from the previous filing. This made IBIT the bank’s biggest crypto ETF investment.
The bank also reported smaller Bitcoin ETF holdings in several other funds, including about $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini Trust, and around $1.71 million in Fidelity’s FBTC.
Additional smaller positions remained in other Bitcoin-related products such as GBTC, VanEck’s HODL ETF, and ARKB.
While Bitcoin products dominated the portfolio, the bank reduced its exposure to Ethereum and Solana-related ETFs during the quarter.
Its Ethereum ETF holdings through BlackRock’s ETHA fund were valued at around $1.06 million after the reduction.
The filing also showed that Bank of America sold part of its leveraged Solana ETF holdings and kept a smaller position in a standard Solana ETF worth roughly $86,000.
Its exposure to XRP remained unchanged through shares of the Volatility Shares XRP ETF.
Despite the attention on crypto ETFs, the filing revealed that the bank’s biggest crypto-linked investment was actually in Strategy, formerly known as MicroStrategy.
Bank of America held nearly 4 million shares of Strategy stock valued at around $660 million — more than 12 times larger than its direct crypto ETF exposure.
The filing highlights the growing trend of major financial institutions gaining exposure to digital assets through regulated investment products instead of directly holding cryptocurrencies.
Recent institutional surveys also suggest that more large investors plan to increase their digital asset allocations in 2026, with regulated crypto ETFs becoming the preferred option for many firms.
