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Bank of America Boosts Bitcoin ETF, Cutting Ether and Solana Exposure
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Bank of America increased its stake in BlackRock’s IBIT Bitcoin ETF to roughly $37 million during the first quarter, according to its latest regulatory filing. The bank also disclosed nearly $53 million in total crypto ETF exposure while reducing positions tied to Ethereum and Solana funds. The shift suggests growing institutional confidence in Bitcoin compared with other major cryptocurrencies. Investors are closely watching how large banks adjust their crypto strategies as demand for regulated digital-asset products continues to expand across traditional finance.
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