Bank of America Expands Stake in BlackRock’s Bitcoin ETF

Bank of America increased its stake in BlackRock's Bitcoin ETF to $37 million.

By the end of the first quarter, Bank of America, the second-largest bank in the United States, increased its stake in the IBIT bitcoin fund to approximately $37 million, while reducing its positions in Ethereum and Solana ETFs. The total volume of crypto products under management was estimated at nearly $52 million.