The traditional financial giants have finally bowed down, spending $53 million on ETFs and betting $660 million on MSTR. This allocation is more aggressive than mine.

Banking界 News, according to Yahoo Finance reports, 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 including BITB, FBTC, and Grayscale's offerings. Notably, the bank reduced some of its Ethereum and Solana-related ETF exposures in the first quarter. Additionally, the bank holds approximately 3.96 million shares of MicroStrategy (MSTR), valued at nearly $660 million.