Bank of America has increased its exposure to Bitcoin, Ethereum, XRP, and Solana through exchange-traded funds, while slashing its stake in Strategy (MSTR) by 70%, according to a regulatory filing this month. The bank now holds almost $94 million in Bitcoin, Ethereum, and XRP ETFs.
ETF holdings climb
The filing shows the bank added positions in funds tracking the four major digital assets. Its combined position in Bitcoin, Ethereum, and XRP ETFs stands at nearly $94 million. Solana exposure also increased, though the filing doesn't break out a separate dollar figure for that holding.
MSTR stake slashed
Bank of America cut its MSTR holdings by 70%, a sharp reduction for one of the most prominent crypto-adjacent stocks. The move trims a position that had been a significant part of the bank's crypto equity portfolio.
Crypto stock trimming
The bank also reduced its holdings in American Bitcoin Corp (ABTC) and other crypto-related equities. The filing suggests a broader retreat from individual crypto stocks even as ETF allocations grow.
The changes come as traditional banks continue to adjust their crypto exposure through regulated products. Bank of America's next quarterly filing will show whether this shift toward ETFs and away from crypto stocks continues.
