MARKETS

BofA Discloses $53M in Crypto ETF Exposure

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Bank of America disclosed nearly $53 million in crypto ETF positions in its first-quarter 2026 Form 13F, with reported exposure across Bitcoin, Ethereum, XRP and Solana-linked products.

The filing was accepted on May 15 and lists positions held as of March 31. It reports a total 13F portfolio value of about $1.368 trillion, making the crypto exposure small relative to BofA’s wider securities book.

Bitcoin ETFs Make Up Most of BofA’s Position 

Most of BofA’s reported crypto ETF exposure is tied to Bitcoin. Its largest position is BlackRock’s iShares Bitcoin Trust, or IBIT, worth about $37 million. The bank increased its IBIT holdings to 972,590 shares from 719,008 shares in the prior filing.

BofA also reported about $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini Trust and $1.71 million in Fidelity’s FBTC. The bank also listed smaller positions in GBTC, VanEck’s HODL and the Ark 21Shares Bitcoin ETF.

ETHA Position Was Worth About $1.06M 

BofA’s altcoin-linked ETF exposure was much smaller. A filing summary showed the bank held 67,492 shares of BlackRock’s Ethereum ETF, ETHA, valued at about $1.06 million. The bank also kept its XRP-linked ETF exposure unchanged at 13,000 shares of the Volatility Shares XRP ETF.

Its Solana-linked exposure included 10,296 shares of the Volatility Shares Solana ETF after trimming 700 shares of the leveraged 2x Solana product. The filing does not show direct holdings of the underlying tokens.

13F Filing Shows Holdings, Not Intent 

The disclosure is notable, but a Form 13F does not explain why a bank holds a position. SEC rules require institutional investment managers with at least $100 million in qualifying securities to disclose quarter-end holdings, including the security name, share count and market value.

The form does not show whether a position is held for long-term investment, client facilitation, hedging, market-making or another purpose. 

For Bank of America, the crypto ETF exposure remains tiny beside its $1.368 trillion reported 13F portfolio. Still, the filing shows another major financial institution reporting positions in regulated digital asset wrappers, with exposure extending beyond Bitcoin into Ethereum, XRP and Solana-linked ETF products.

 

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