PANews reported on May 23 that, according to Bank of America's (BofA) latest Q1 13F filing, its total holdings of cryptocurrency ETFs and related concept stocks in the first quarter approached $53 million.

BlackRock (IBIT) is its largest single crypto ETF holding, valued at approximately $37 million. It holds 972,590 shares, a significant continued inflow from the 719,008 shares held in the previous quarter. Bitwise (BITB) holdings are valued at approximately $7.98 million; Grayscale mini-fund holdings are valued at approximately $3.32 million; and Fidelity (FBTC) holdings are valued at approximately $1.71 million. It also has small allocations to Grayscale GBTC, VanEck HODL, and Ark 21Shares (ARKB). Meanwhile, it significantly reduced its Ethereum ETF holdings, currently retaining only 67,492 shares of the BlackRock Ethereum ETF (ETHA), valued at approximately $1.06 million; and reduced its exposure to the Solana ETF. Its XRP ETF holdings remain unchanged, currently holding 13,000 shares of the Volatility Shares XRP ETF. At the same time, Bank of America also holds approximately 3.96 million shares of Strategy (MSTR), worth approximately $660 million.