Bank of America disclosed about $53 million in crypto ETF exposure in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust (IBIT) standing as the bank’s largest single position. The filing shows Bitcoin products dominating the reported basket, while allocations tied to Ether and Solana remained comparatively small.
As of March 31, the bank held 972,590 shares of IBIT valued at about $37.3 million, up from 719,008 shares in the previous filing. It also reported smaller Bitcoin ETF positions across other issuers, including about $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini Trust, and around $1.71 million in Fidelity’s FBTC. Smaller holdings in GBTC, VanEck’s HODL, and ARKB remained on the books as well.
Ether and Solana exposure stayed well below Bitcoin
The same filing showed lower exposure to Ether and Solana products. Bank of America’s Ethereum allocation, held through BlackRock’s ETHA, stood near $1.06 million, with 67,492 shares remaining after the reduction. That left Ether far behind the bank’s reported Bitcoin ETF positions.
On the Solana side, the bank sold 700 shares of the Volatility Shares 2x Solana ETF and kept 10,296 shares of the standard Solana ETF, valued at roughly $86,000. Its XRP exposure did not change, staying at 13,000 shares of the Volatility Shares XRP ETF worth about $98,500. Based on the reported figures, Bitcoin products accounted for the clear majority of the bank’s crypto ETF allocation.
Strategy equity position was much larger than ETF holdings
The filing also highlighted a far bigger position in Strategy, formerly MicroStrategy. Bank of America reported holding 3.96 million shares of the company, valued at around $660 million. Because Strategy is widely tracked for its large Bitcoin treasury, that stock position gives the bank a much larger crypto-linked exposure than its ETF book alone suggests.
At quarter-end, the Strategy stake was more than twelve times larger than the bank’s direct crypto ETF exposure. The numbers show that, within its disclosed crypto-related holdings, Bank of America had far greater weight in a Bitcoin-linked equity than in regulated crypto funds themselves.
13F filings continue to show how institutions use regulated products
The disclosure was submitted to the U.S. Securities and Exchange Commission as a Form 13F-HR. The SEC filing page lists a May 18 filing date and a March 31 reporting period. A 13F shows what was held at the end of the quarter, but it does not explain why each trade was made.
The report also referenced Wells Fargo’s Q1 filing, which showed use of regulated crypto products and identified IBIT as its largest crypto ETF position at about $250 million. Separately, a Coinbase and EY-Parthenon survey covering 351 institutions found that 73% planned to increase digital asset allocations in 2026, while about two-thirds said regulated products were their preferred route for exposure.