# Bank of America has reallocated its digital asset portfolio by increasing its stake in Bitcoin.

*fintech · news · 2026-05-24 · U.Today*

## Key points

- Bank of America increased its IBIT (BlackRock’s Bitcoin Trust) position to $37 million in Q1 2024.
- BofA tripled its ETF exposure to Ethereum and Solana despite cutting other smart-contract investments.
- Total BofA crypto ETF holdings now stand at about $53 million, with IBIT forming 70% of this.
- Morgan Stanley now holds $1.24 billion in spot crypto ETF exposure, outpacing peers.
- JPMorgan expanded its bitcoin trading activity during Q1, despite public CEO criticism.

**Companies:** Bank of America, BlackRock, Morgan Stanley, Goldman Sachs, MicroStrategy
**Countries:** United States

[Read the full story on U.Today](https://u.today/bank-of-america-dumps-ethereum-and-solana-for-bitcoin)

---

Canonical: https://newsio.io/n/79defd1f-f2c2-4851-b82b-27ff1ce11674/bank-of-america-has-reallocated-its-digital-asset-portfolio-by-increasing-its-st
Summarized by Newsio from U.Today. https://newsio.io/how-it-works