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Bank of America Increases Bitcoin ETF Exposure
America’s second-largest bank, Bank of America, disclosed nearly $53M in crypto ETF exposure in its latest Q1 13F filing.
Key highlights:
🔹 BofA raised its BlackRock Bitcoin ETF ($IBIT) holdings to around $37M
🔹 The bank reduced exposure to Ethereum and Solana ETFs
🔹 Smaller positions were also held in other Bitcoin ETFs, including BITB, FBTC, and Grayscale products
The filing suggests continued institutional preference toward Bitcoin exposure over broader crypto assets.