Bank of America Boosts Bitcoin Exposure Amid Cryptocurrency Portfolio Rebalancing

Bank of America has made significant changes to its cryptocurrency portfolio in Q1 2026, increasing its investment in Bitcoin and reducing its exposure to Ethereum and Solana. This shift reflects the bank's strategic preference for Bitcoin over other smart-contract platforms.

The bank's reallocation of crypto holdings has seen it increase its investment in BlackRock's iShares Bitcoin Trust, which now makes up about 70% of its crypto holdings. This is a significant move, highlighting the bank's confidence in Bitcoin's potential for growth and stability.