America’s second-largest financial institution has disclosed its most cryptocurrency bets.
Bank of America recently updated its investments in digital currencies, according to a filing with the Securities and Exchange Commission. The bank increased its Bitcoin holdings and significantly boosted its investments in both Ethereum and Solana, tripling its exposure to those two cryptocurrencies.
This shows that leading smart-contract platforms are seemingly losing their luster.
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The $53 million profile
Bank of America currently boasts roughly $53 million in total cryptocurrency ETF exposure.
The undisputed heavyweight of their new portfolio is BlackRock’s iShares Bitcoin Trust (IBIT).
The bank significantly increased its earnings to $37 million in the first three months of the year.
BlackRock’s Bitcoin fund now accounts for roughly 70% of BofA’s entire crypto-related holdings.
Beyond our position with BlackRock, the rest of our cryptocurrency capital is currently invested in a variety of different spot Bitcoin ETFs and similar products.
The documents reveal that Bank of America continues to hold investments in several Bitcoin ETFs, including Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and older Grayscale products.
Other banks with crypto holdings
Bank of America owns about 3.96 million shares of MicroStrategy, a business intelligence company, currently worth around $660 million.
Bank of America isn’t alone in changing how it approaches digital assets. Morgan Stanley is actually leading the way, with significant investments in this area. Their latest financial report shows they currently hold around $1.24 billion worth of spot ETFs.
Even though JPMorgan CEO Jamie Dimon is known for being critical of Bitcoin, his bank’s traders have been actively purchasing Bitcoin whenever the price drops. Recent financial reports show JPMorgan significantly increased its investments in cryptocurrency during the first quarter of the year, despite the price decline.
Goldman Sachs continues to hold a large investment of $690 million in BlackRock’s IBIT and around $25 million in Fidelity’s FBTC.
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2026-05-24 11:34