{"id":170148,"date":"2026-05-25T10:30:48","date_gmt":"2026-05-25T10:30:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=170148"},"modified":"2026-05-25T10:30:48","modified_gmt":"2026-05-25T10:30:48","slug":"american-mega-bank-is-dumping-its-ethereum-holdings-heres-what-its-buying","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=170148","title":{"rendered":"American Mega Bank Is Dumping Its Ethereum Holdings, Here\u2019s What It\u2019s Buying"},"content":{"rendered":"

Ethereum is losing ground inside one of America\u2019s largest banking portfolios as Bank of America sharply pivots toward Bitcoin-linked investment products<\/a>. Fresh SEC filings from the banking giant reveal a noticeable reshuffling of its crypto exposure during the first quarter, with Ethereum and Solana positions reduced while Bitcoin allocations expanded aggressively through spot ETFs<\/a> and indirect treasury exposure.<\/p>\n

Ethereum Retreats, Bitcoin Expands<\/h2>\n

The latest 13F filing<\/a> from Bank of America paints a clear picture of where institutional conviction is shifting. While the bank still maintains exposure across several crypto-related products, recent reports indicate<\/a> that Bitcoin now dominates its digital asset strategy by a wide margin.<\/p>\n

At the center of that move is BlackRock\u2019s iShares Bitcoin Trust (IBIT)<\/a>, which became the bank\u2019s largest crypto holding after a substantial increase during the quarter. Regulatory documents show Bank of America lifted its IBIT exposure to roughly $37 million, making the ETF responsible for nearly 70% of the bank\u2019s crypto investment portfolio while holding 972,590 shares of the fund.<\/p>\n

At the same time, exposure tied to Ethereum products moved in the opposite direction. The filing reflected a reduction in Ethereum-linked allocations<\/a> alongside cuts to Solana-related investment products. Smaller holdings connected to XRP and Solana ETFs also appeared in the disclosure, though the bank\u2019s allocation toward those products remained comparatively limited.<\/p>\n

Rather than spreading capital evenly across the digital asset market, the portfolio changes suggest Bank of America is concentrating on Bitcoin as the preferred institutional-grade crypto asset.\u00a0<\/p>\n

Moreover, the bank also maintained positions in Fidelity\u2019s FBTC, Bitwise\u2019s BITB, and several Grayscale Bitcoin products. However, none came close to the scale of the IBIT allocation<\/a>, reinforcing Bitcoin\u2019s growing dominance within the institution\u2019s crypto strategy.<\/p>\n

Wall Street\u2019s New Favorite Trade<\/h2>\n

Bank of America\u2019s repositioning did not happen in isolation. Across Wall Street, major financial firms<\/a> are quietly increasing Bitcoin exposure even as broader crypto markets remain volatile.<\/p>\n

The filing also revealed that Bank of America owns nearly 3.96 million shares of MicroStrategy, a position valued at roughly $660 million. Because the software company continues accumulating Bitcoin<\/a> as its primary treasury reserve asset, the investment gives the bank another layer of indirect Bitcoin exposure beyond ETFs alone.<\/p>\n

Other financial giants are moving in a similar direction. Morgan Stanley reportedly holds one of the largest spot crypto ETF portfolios among traditional banks, with more than $1 billion tied to regulated digital asset products. Goldman Sachs has also maintained sizable positions in BlackRock\u2019s IBIT alongside Fidelity\u2019s FBTC fund, while JPMorgan expanded<\/a> its crypto-related exposure during the quarter despite CEO Jamie Dimon\u2019s well-known skepticism toward Bitcoin.\u00a0<\/p>\n

Together, these portfolio moves point to a broader shift taking shape across traditional finance, where regulated Bitcoin investment vehicles are drawing deeper interest from banks, asset managers, and hedge funds<\/a>. Bank of America\u2019s latest filing ultimately fits squarely within that pattern, underscoring how Bitcoin is increasingly becoming the centerpiece of Wall Street\u2019s crypto playbook<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is losing ground inside one of America\u2019s largest banking portfolios as Bank of America sharply pivots toward Bitcoin-linked investment products. Fresh SEC filings from the banking giant reveal a noticeable reshuffling of its crypto exposure during the first quarter, with Ethereum and Solana positions reduced while Bitcoin allocations expanded aggressively through spot ETFs and […]<\/p>\n","protected":false},"author":0,"featured_media":170149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-170148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170148"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=170148"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/170149"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=170148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=170148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=170148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}