Bank of America has increased its exposure to several major cryptocurrency exchange-traded funds while sharply reducing its position in Strategy stock.
According to its latest regulatory filing, the Wall Street banking giant now holds nearly $94 million across Bitcoin, Ethereum and XRP ETFs. At the same time, it reduced its Strategy (MSTR) holdings by around 70% during the second quarter of 2026.
Bank of America Holds Nearly $94 Million in Crypto ETFs
Bank of America expanded several of its cryptocurrency-related ETF positions during Q2 2026, according to a 13F filing submitted to the U.S. Securities and Exchange Commission.
The bank, which manages an investment portfolio valued at approximately $1.55 trillion, reported close to $94 million in combined exposure to Bitcoin, Ethereum and XRP ETFs.
One of the largest changes came from the bank’s position in BlackRock’s iShares Bitcoin Trust ETF (IBIT).
Bank of America increased its IBIT holdings by approximately 77% during the quarter. Its position rose from 972,590 shares to more than 1.72 million shares.
The bank also reported investments worth more than $10 million in Bitwise’s Bitcoin ETF (BITB).
Additional Bitcoin-related holdings included approximately $2.24 million in the Grayscale Bitcoin Mini Trust ETF and $1.32 million in Fidelity’s FBTC.
Bank of America also maintained exposure to GBTC, VanEck’s HODL and the Direxion Daily Bitcoin Bull 2X ETF.
Ethereum ETF Holdings Jump Sharply
Bank of America’s Ethereum exposure recorded an even larger increase.
The bank expanded its position in BlackRock’s iShares Ethereum Trust ETF (ETHA) by approximately 2,838%.
Its ETHA holdings climbed from 67,492 shares to roughly 1.98 million shares during the quarter.
The major increase highlights the bank’s growing exposure to Ethereum-related investment products alongside its expanding Bitcoin ETF positions.
Bank of America Maintains XRP ETF Exposure
The bank also slightly increased its XRP-related holdings during the second quarter.
Bank of America reported owning 13,260 shares of the Volatility Shares XRP ETF (XRPI).
The position had remained unchanged during the previous quarter before the latest adjustment.
The filing comes as other major financial institutions continue to build exposure to crypto investment products. JPMorgan and Morgan Stanley have also disclosed XRP-related ETF positions as traditional financial companies expand into areas such as tokenization, treasury management and digital payments.
BofA Exits Solana ETF Positions
While Bank of America increased its exposure to Bitcoin, Ethereum and XRP products, the bank moved in the opposite direction with Solana.
It sold its remaining 10,296 shares of the Volatility Shares Solana ETF, completing its exit from Solana ETF positions.
During the previous quarter, Bank of America had already sold 700 shares of the Volatility Shares 2x Solana ETF.
The latest transaction leaves the bank without the Solana ETF exposure described in the filing.
Bank of America Cuts MSTR Holdings by 70%
Bank of America also made a significant adjustment to its position in Strategy, formerly known as MicroStrategy.
The bank reported approximately 1.17 million MSTR shares valued at nearly $102 million.
That represents a decline of around 70% from the previous position of 3.96 million shares.
According to the report, the reduction came as Strategy adjusted its own Bitcoin treasury strategy, including selling some Bitcoin to support dividend payments and strengthen its cash reserves.
Bank of America also sold 3,800 STRK perpetual preferred shares and made changes to its holdings of Strategy convertible senior notes.
BofA Exits American Bitcoin but Expands Other Crypto Stocks
The bank also completely exited its position in American Bitcoin Corp.
Bank of America sold all 85,508 shares of ABTC that it previously held.
However, it increased its investment in Bitmine Immersion Technologies. Its position in BMNR rose by approximately 78% to nearly $22 million.
The bank also expanded its position in Hyperliquid Strategies Inc. by around 167%, bringing its holdings to 635,407 shares.
In addition, Bank of America maintains exposure to several other crypto-related companies.
These include Circle, Coinbase and major Bitcoin mining companies such as MARA Holdings, Riot Platforms and CleanSpark.
Wall Street Continues Expanding Crypto Exposure
Bank of America’s latest portfolio adjustments highlight the evolving approach traditional financial institutions are taking toward cryptocurrency investments.
Rather than concentrating exposure in a single company or asset, the bank’s filing shows positions spread across Bitcoin ETFs, Ethereum ETFs, XRP products and selected crypto-related stocks.
At the same time, its major reduction in MSTR holdings and complete exit from Solana ETFs demonstrate that institutional crypto portfolios can change significantly from one quarter to another.
The latest filing therefore provides another example of Wall Street increasing its direct exposure to regulated cryptocurrency investment products while actively adjusting positions across the wider digital asset sector.
