Bank of America’s latest quarterly report reveals a significant preference for Bitcoin exchange-traded funds over those tied to Ethereum and Solana. In its Q1 2026 13F filing, the bank disclosed roughly $53 million in crypto ETF exposure, with BlackRock’s iShares Bitcoin Trust (IBIT) dominating the portfolio.
The filing showed that Bank of America increased its IBIT stake to 972,590 shares, valued at about $37.3 million at the end of the quarter, up from 719,008 shares in the previous period. This made IBIT the largest single crypto ETF position in the bank’s report.
Beyond IBIT, the bank held smaller Bitcoin ETF positions across multiple issuers, including about $7.98 million in Bitwise’s BITB, $3.32 million in Grayscale’s Bitcoin Mini Trust, and roughly $1.71 million in Fidelity’s FBTC. Additional minor stakes were recorded in GBTC, VanEck’s HODL, and ARKB.
In contrast, the bank’s exposure to Ether and Solana ETFs declined during the quarter. Its Ethereum allocation through BlackRock’s ETHA fell to about $1.06 million, with 67,492 shares remaining. The Solana positions were reduced as well, with the bank selling 700 shares of the Volatility Shares 2x Solana ETF and holding 10,296 shares of the standard Solana ETF, worth approximately $86,000. XRP exposure remained unchanged at 13,000 shares, valued near $98,500.
Interestingly, Bank of America’s crypto-linked equity holdings far outweighed its ETF investments. The filing revealed 3.96 million shares of Strategy (formerly MicroStrategy) valued at around $660 million, more than twelve times larger than its direct crypto ETF exposure. Strategy is widely watched due to its substantial Bitcoin treasury.
The filing was submitted to the U.S. Securities and Exchange Commission as a Form 13F-HR with a May 18 filing date and a March 31 reporting period. This aligns with a broader trend of institutional investors increasing their digital asset allocations through regulated products. A recent survey by Coinbase and EY-Parthenon found that 73% of institutions plan to raise their crypto exposure in 2026, with two-thirds preferring regulated products as their entry point.