According to Yahoo Finance, Bank of America (BofA) recently released its Q1 13F filing showing that its investment exposure in cryptocurrency ETFs has reached nearly $53 million. The largest investment is in the BlackRock Bitcoin ETF (IBIT), with a holding value of about $37 million, and it was significantly increased during the quarter. At the same time, the bank also allocated to multiple Bitcoin products such as BITB, FBTC, and Grayscale's offerings. Notably, the bank reduced its exposure to Ethereum and Solana-related ETFs in the first quarter. Additionally, the bank holds approximately 3.96 million shares of Strategy (MSTR), valued at nearly $660 million.

BLK1.06%
IBIT-2.38%
BTC1.54%
ETH2.44%
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FragmentGlowFlower
· 1h ago
BITB and FBTC are both supported; don't put all your eggs in one basket.
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QuantizedDaydream
· 05-23 01:21
From being bearish to secretly buying, Wall Street's body is very honest
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TheProphetOfToast
· 05-23 01:06
MSTR's holdings of 660 million are the real highlight; MicroStrategy has become a shadow ETF.
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GateUser-7e77b8d8
· 05-23 00:50
$53 million to BofA is just pocket change, but the directional significance is huge
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0xTeaTime
· 05-23 00:47
Cut ETH and SOL ETFs? It seems American banks trust Bitcoin more.
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OtcMoonwalker
· 05-23 00:47
IBIT takes the majority, BlackRock's move is a huge win.
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Post-RainCancellationAgent
· 05-23 00:47
Traditional financial giants are putting real money into the market; signals are much stronger than just talk.
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