Bank of America (BofA) has revealed approximately $53.1 million in crypto-related ETF holdings in its quarterly 13F filing with the U.S. Securities and Exchange Commission for Q1 2026, marking a cautious yet notable step into digital assets. The filing shows the bank’s largest position is in BlackRock’s iShares Bitcoin Trust (IBIT), valued at around $37 million — a significant increase from the previous quarter. The disclosure also includes smaller allocations to Ethereum, Solana, and XRP ETFs, though those positions were trimmed.
According to the filing, BofA holds BlackRock’s iShares Ethereum Trust (ETHA) worth about $1.06 million, a decrease from the prior report. Positions in Solana and XRP ETFs, approved by the SEC only in late 2025, were also present but reduced. Furthermore, the bank reported a massive $660 million stake in Strategy (formerly MicroStrategy), the business-intelligence firm known for its large Bitcoin treasury, dwarfing the direct ETF exposure.
The move underscores a growing institutional preference for regulated, liquid products like spot Bitcoin ETFs. Other major banks, including Morgan Stanley and Goldman Sachs, have similarly disclosed crypto ETF holdings, but BofA’s increased IBIT position signals a strategic push to allocate more capital to Bitcoin through BlackRock’s fund. The SEC’s approval of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs later that year paved the way for such adoption.
While the $53.1 million allocation is modest relative to BofA’s $3.1 trillion in assets, the symbolic impact is substantial. It reflects a gradual normalization of digital assets within institutional portfolios and reinforces Bitcoin’s “digital gold” narrative. The reduction in altcoin exposure suggests institutions remain cautious about higher volatility and regulatory uncertainty for assets beyond Bitcoin. For the broader market, the filing adds to evidence that crypto is merging with traditional finance, potentially attracting trillions in institutional capital over time.
