Bank of America reported about $53 million in crypto ETF exposure in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust leading the pack.
Summary
- Bank of America’s Q1 filing showed about $53 million in reported crypto ETF exposure overall.
- IBIT led the bank’s crypto ETF holdings, with a reported value of close to $37 million in total.
- The filing showed the lower positions of Ether and Solana as Bitcoin products remained the largest share.
The filing showed a larger IBIT position and smaller exposure to Ether and Solana ETFs, placing Bitcoin at the center of the reported crypto ETF banking basket.
Bank of America held 972,590 shares of IBIT worth about $37.3 million at the end of the quarter, up from 719,008 shares in the previous filing. That made IBIT the largest crypto ETF position in the bank’s report.
The bank also held small positions in Bitcoin ETFs from other issuers. Its reported holdings include approximately $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale Bitcoin Mini Trust, and approximately $1.71 million in Fidelity’s FBTC. Small positions in GBTC, VanEck’s HODL, and ARKB also remained on the books.
Ether and Solana’s exposure decreases
The filing showed lower exposure to Ether and Solana products during the same quarter. Bank of America’s Ethereum stake stands at $1.06 million with BlackRock’s ETHA, with 67,492 shares remaining after dilution.
The bank also sold 700 shares of Volatility Shares 2x Solana ETF and kept 10,296 shares of Solana ETF common stock, valued at approximately $86,000. XRP exposure remains unchanged at 13,000 shares of the Volatility Shares XRP ETF, worth about $98,500.
Cost of shares Strategy stock dwarfs ETF
ETF positions were smaller than the bank’s crypto-linked equity exposure. The filing also showed 3.96 million shares of Strategy, formerly MicroStrategy, worth close to $660 million.
The strategy is still widely followed because of its huge Bitcoin wealth. For Bank of America, that equity position was twelve times larger than its crypto ETF exposure at the end of the quarter.
Banking adds to the institutional ETF trend
The filing was submitted to the US Securities and Exchange Commission as Form 13F-HR. The SEC filing page lists a filing date of May 18 and a reporting period of March 31.
Related reports of crypto.news reported that Wells Fargo also used regulated crypto products in Q1, and IBIT remains its largest crypto ETF position at about $250 million. The same report noted that the 13F filing reflects the holding, not the reason for the trade per se.
A separate crypto.news report cited a Coinbase and EY-Parthenon survey of 351 institutions. It found that 73% planned to increase the distribution of digital assets by 2026, while controlled products have become the preferred distribution channel for almost two-thirds of respondents.
