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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Prominent banking giant Morgan Stanley has revealed new XRP ETF holdings in its latest SEC…
Three altcoins just received a particularly unpleasant calendar reminder. Upbit has announced the Upbit delisting…
Bank Leumi, Israel’s largest bank, is partnering with Galaxy Digital to offer customers direct trading…
Binance has begun restricting user transactions with a growing list of crypto platforms, including major…
Chainlink’s price has struggled through a long period of lower highs, but its tokenomics are…
JPMorgan, with AUM of $5.1 trillion, has revealed its quarter two (Q2) report with the…
