Bank of America (BofA) has revealed in its Q1 13F filing that its cryptocurrency ETF exposure has reached nearly $53 million. The largest holding is the BlackRock Bitcoin Spot ETF (IBIT), valued at approximately $37 million, with significant increases during the quarter. BofA also holds positions in Bitwise Bitcoin ETF (BITB), Fidelity Bitcoin ETF (FBTC), and several Grayscale Bitcoin products. Notably, the bank reduced its exposure to Ethereum and Solana-related ETFs in the first quarter.
Additionally, BofA owns about 3.96 million shares of MicroStrategy, valued at nearly $660 million. Including investments in crypto-related stocks like Coinbase, Robinhood, and Circle, BofA's total digital asset exposure is approximately $2.2 billion.
Bank of America's Crypto ETF Exposure Nears $53 Million
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.