Bank of America Shifts $53M to Bitcoin ETFs, Trims Ether and Solana

Bank of America’s May 23 13F filing revealed $53.1 million in crypto ETF holdings led by a $37 million IBIT stake, marking the latest in a series of divergent Q1 repositionings. JPMorgan boosted IBIT exposure 174% to 8.3 million shares while Jane Street cut Bitcoin ETF holdings 71% and rotated into Ether. Goldman Sachs exited XRP and Solana ETFs but retained over $700 million in Bitcoin products, and Intesa Sanpaolo raised total crypto exposure above $202 million. The filings show selective institutional accumulation amid Bitcoin’s 22% quarterly decline and ongoing ETF outflows.