Bank of America cuts Strategy stake as crypto ETF exposure nears $94 million

Bank of America's Q2 2026 13F filing showed a broad reshaping of its crypto-linked holdings, with nearly $94 million in reported Bitcoin, Ethereum and XRP ETF exposure by June 30. The bank raised its BlackRock Bitcoin ETF position 77% to more than 1.72 million IBIT shares and expanded its BlackRock Ethereum ETF stake to about 1.98 million ETHA shares from 67,492, a roughly 29-fold increase worth about $23.6 million at quarter-end, while holding 13,260 shares of the Volatility Shares XRP ETF and fully exiting Solana ETFs. Outside ETFs, BofA cut its Strategy stake about 70% to roughly 1.17 million shares from about 3.96 million, sold all 85,508 ABTC shares, added to Bitmine Immersion and Hyperliquid Strategies, and retained positions in Circle, Coinbase and several Bitcoin miners; as with any 13F, the filing captures only long U.S. equity holdings and not shorts, derivatives or hedges.

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