Bank of America discloses Bitcoin, Ethereum, XRP, and Solana ETF positions
Bank of America has shown that Wall Street’s interest in crypto assets remains alive even amid a weaker market. In its first-quarter 2026 filing, the bank disclosed nearly $53 million in holdings across ETFs tied to Bitcoin, Ethereum, XRP, and Solana.
Highlights
- BofA holds nearly $53 million in crypto ETFs.
- Its largest position is BlackRock’s IBIT, worth $37 million.
- The bank increased its IBIT holdings to 972,590 shares.
Bitcoin remains the main focus
Bank of America disclosed its positions in crypto ETFs in its first-quarter 2026 Form 13F filing with the U.S. Securities and Exchange Commission. The bank’s total holdings in products linked to Bitcoin, Ethereum, XRP and Solana amounted to nearly $53 million.
Most of that exposure is tied to Bitcoin. BofA’s largest position is in BlackRock’s iShares Bitcoin Trust ETF, IBIT, worth $37 million. The bank increased its holdings to 972,590 shares, up from 719,008 shares previously. It also holds $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini ETF and $1.71 million in Fidelity’s FBTC, along with positions in GBTC, VanEck’s HODL and Ark 21Shares Bitcoin ETF.
Caution on Ethereum and Solana
Unlike its Bitcoin exposure, BofA’s positions in Ethereum and Solana look more cautious. The bank reduced its Ethereum exposure and now holds 67,492 shares of BlackRock’s Ethereum ETF, ETHA, worth about $1.06 million. CoinGape noted that the move aligns with broader caution among large banks, as Goldman Sachs also cut its Ethereum ETF holdings by nearly 70%.
The bank’s XRP ETF position remained unchanged from the previous quarter at 13,000 shares of the Volatility Shares XRP ETF. In Solana, BofA sold 700 shares of the Volatility Shares 2x Solana ETF, while keeping 10,296 shares of the Volatility Shares Solana ETF.
Institutional signal for the market
Compared with BofA’s overall investment portfolio of $1.37 trillion, its nearly $53 million crypto ETF exposure remains small. Still, the disclosure shows that major financial institutions continue to test products not only tied to Bitcoin and Ethereum, but also to XRP and Solana.
Separately, BofA disclosed large positions in crypto-linked stocks: 3.96 million shares of Strategy, MSTR, worth nearly $660 million, as well as $19 million in Strike perpetual preferred shares and convertible senior notes. The portfolio also includes 85,508 shares of American Bitcoin Corp, 903,346 shares of Bitmine Immersion and 238,082 shares of Hyperliquid Strategies. The bank has also invested in Circle, Coinbase and Bitcoin mining companies including MARA Holdings, Riot Platforms and CleanSpark.
We have previously highlighted that BlackRock deepens bet on Strategy and Bitcoin holdings.
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