Bank of America Lifts Bitcoin ETF Exposure to About $53 Million in Q1 2026
Bank of America expanded its holdings of cryptocurrency exchange-traded funds in the first quarter of 2026, taking total crypto ETF exposure to roughly $53 million, according to company disclosures cited by CoinMarketCap.
Public filings indicate the allocation is overwhelmingly concentrated in Bitcoin-linked products, with no apparent positions in ETFs tied to Ethereum or Solana.
IBIT becomes the largest position
Documents show the bank increased its stake in BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), lifting the position to about $37 million. IBIT is now the bank’s largest single holding within its crypto ETF portfolio.
The remainder of the disclosed exposure is spread across other spot Bitcoin ETFs, including Bitwise’s BITB, Fidelity’s FBTC, and related offerings from Grayscale.
Filings point to a Bitcoin-only tilt
Under current disclosure standards, Bank of America’s reported crypto ETF positioning remains centered on Bitcoin. The disclosed holdings show no new exposure to Ethereum- or Solana-related products, underscoring that Bitcoin continues to be the primary focus in the bank’s publicly reported ETF book.
The pattern mirrors a broader approach among some traditional financial institutions entering digital assets: favoring products tied to Bitcoin, which typically offer deeper liquidity and a more established regulatory framework. Compared with direct token holdings, ETFs are generally easier to fit into institutional custody, compliance, and risk-management systems.
Other Wall Street firms also add exposure
Other major U.S. institutions reported larger allocations over the same period. Morgan Stanley’s first-quarter filing showed spot crypto ETF exposure of about $1.24 billion. Goldman Sachs continued to report roughly $690 million in IBIT and $25 million in FBTC. The report also said JPMorgan increased exposure to related crypto assets in the first quarter, despite prior skepticism about Bitcoin expressed by the bank’s leadership.
Additional note: This brief is based on publicly disclosed holdings. The source material does not provide specific figures for any Bank of America positions in Ethereum- or Solana-related ETFs.
