Bank of America holds nearly $53 million in crypto ETFs in the first quarter, increases IBIT holdings, and significantly reduces Ethereum ETFs

Odaily Planet Daily reports that, according to the latest Q1 13F filing released by Bank of America, the total size of its holdings in cryptocurrency ETFs and related concept stocks in the first quarter is close to $53 million.

BlackRock’s IBIT is its largest single crypto ETF holding, worth about $37 million, with a total of 972,590 shares—up from 719,008 shares in the previous quarter. Bitwise’s holdings are valued at approximately $7.98 million, the Grayscale mini fund holdings are worth about $3.32 million, and Fidelity’s holdings are around $1.71 million. In addition, it also has small allocations to products including Grayscale GBTC, VanEck HODL, and Ark 21Shares.

At the same time, it has significantly reduced its Ethereum ETF holdings; it currently holds only 67,492 shares of the BlackRock Ethereum ETF, with a total value of about $1.06 million, and has cut its Solana ETF exposure. The XRP ETF remains at its original scale, and it still holds 1.3万 shares of the Volatility Shares XRP ETF. Meanwhile, Bank of America also holds about 3.96 million shares of MicroStrategy, valued at about $660 million.

BAC0.66%
IBIT-2.38%
BLK1.06%
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