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🔥BULLISH

Bank of America Boosts IBIT Stake to $37M While Rotating Out of Ether and Solana ETFs

Bank of America disclosed nearly $53 million in total crypto ETF exposure in its Q1 13F filing, with the bulk of that…

Bank of America disclosed nearly $53 million in total crypto ETF exposure in its Q1 13F filing, with the bulk of that concentrated in BlackRock's spot Bitcoin ETF. The bank raised its IBIT position to approximately $37 million — a meaningful increase that signals growing conviction in Bitcoin as the institutional-grade crypto allocation of choice.

At the same time, BofA trimmed its Ethereum and Solana ETF positions, suggesting a deliberate rotation toward Bitcoin dominance within its crypto sleeve rather than a broad pullback from the asset class. Smaller allocations in BITB, FBTC, and Grayscale products round out the portfolio, but IBIT is clearly the anchor.

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