What happened with Bank of America (NYSE:BAC) and Bitcoin (CRYPTO:BTC) ETFs?

Bank of America increased its exposure to Bitcoin-linked investment products in its latest first-quarter 13F filing with the SEC. The bank reported about $53million in total crypto ETF exposure, with most of that allocation now centred on Bitcoin ETFs.

How much does Bank of America (NYSE:BAC) hold in BlackRock’s iShares Bitcoin Trust?

Bank of America raised its position in BlackRock’s iShares Bitcoin Trust to around $37million. That means IBIT now makes up roughly 70% of the bank’s total crypto-related ETF exposure.

Why does Bank of America’s Bitcoin (CRYPTO:BTC) ETF allocation matter?

Bank of America’s shift shows that major banks still see Bitcoin ETFs as the main regulated route into crypto. For retail investors, this supports the idea that Bitcoin remains the preferred institutional crypto asset.

Is Bank of America (NYSE:BAC) moving away from Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL)?

The article suggests Bank of America is favouring Bitcoin-linked products over broader crypto exposure tied to Ethereum and Solana. This does not mean the bank has abandoned those assets completely, but Bitcoin appears to be taking priority in its crypto ETF strategy.

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Bank of America shifts crypto ETF focus towards Bitcoin

Q: What other Bitcoin ETFs does Bank of America (NYSE:BAC) hold?

Bank of America also kept exposure to other spot Bitcoin products, including the Bitwise Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund. The filing also listed legacy Grayscale products as part of the bank’s wider crypto investment mix.

Written by Liezl GambePublished May. 24 2026Last Updated May. 24 2026

Bank of America has strengthened its exposure to Bitcoin-linked investment products, according to its latest first-quarter 13F filing with the Securities and Exchange Commission.

The filing shows that the second-largest bank in the United States has moved more of its crypto-related portfolio towards Bitcoin exchange-traded funds.

Bank of America reported around $53million in total cryptocurrency ETF exposure during the period.

The bank’s largest crypto-linked position sits in BlackRock’s iShares Bitcoin Trust, which has become the clear centre of its digital asset holdings.

Bank of America increased its position in BlackRock’s Bitcoin fund to around $37million during the first quarter.

That allocation means BlackRock’s iShares Bitcoin Trust now represents roughly 70% of the bank’s total crypto-related ETF exposure.

The move highlights the growing role of Bitcoin ETFs among major financial institutions that want regulated access to digital assets.

Bank of America also kept positions in other spot Bitcoin products, including the Bitwise Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund.

The bank’s filing also listed exposure to legacy Grayscale products as part of its wider crypto investment mix.

The shift suggests that Bank of America currently favours Bitcoin-linked products over broader crypto exposure tied to smart-contract platforms such as Ethereum and Solana.

Bitcoin has continued to attract institutional demand because spot ETFs allow banks and asset managers to gain exposure without directly holding the cryptocurrency.

Bank of America also holds about 3.96million shares in MicroStrategy, the business intelligence company known for its large Bitcoin treasury strategy.

That MicroStrategy stake has been valued at roughly $660million, making it a much larger indirect Bitcoin-linked position than the bank’s ETF holdings.

Bank of America is not the only Wall Street institution expanding its digital asset exposure through regulated investment vehicles.

Morgan Stanley has also built a major crypto ETF position, with its first-quarter filing reportedly showing about $1.24billion in spot ETF exposure.

JPMorgan also expanded its crypto footprint during the first quarter, despite Chief Executive Jamie Dimon’s long-standing criticism of Bitcoin.

The bank’s filings showed increased activity from its trading desks even as Bitcoin’s price weakened during the same period.

Goldman Sachs also maintained a sizeable position in BlackRock’s iShares Bitcoin Trust, along with a smaller allocation to Fidelity’s Bitcoin fund.

The filings show that major US banks continue to treat Bitcoin ETFs as the preferred entry point for crypto exposure.

The trend also signals that institutional investors may still see Bitcoin as the main crypto asset for regulated portfolio allocation.

At the time of reporting, Bitcoin price was $76,814.93.