Bank of America raises BlackRock Bitcoin ETF stake 77% in Q2 2026, discloses Ethereum and XRP ETF holdings; cuts MSTR position 70%
Bank of America's Q2 2026 13F shows a material increase in spot-crypto ETF exposure, led by a 77% rise in BlackRock's Bitcoin ETF (IBIT) holdings and a sharp scale-up in BlackRock's Ethereum ETF (ETHA), alongside initial or maintained XRP ETF exposure. While BofA cut MSTR equity sharply, the overall signal is institutional demand shifting from proxy equities toward regulated ETF wrappers.
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Bank of America increased positions in several crypto ETFs in Q2 2026, lifting its stake in BlackRock’s Bitcoin ETF by 77% and reporting holdings in Ethereum and XRP ETFs for the first time, for about $94 million in net exposure. The changes were disclosed in a 13F filing with the U.S. Securities and Exchange Commission. The bank also sharply reduced its MicroStrategy stock position by 70%.