Bank of America has elevated its cryptocurrency holdings by way of exchange-traded funds, in keeping with its newest 13F submitting with the US Securities and Trade Fee. The financial institution now holds $94 million in web publicity to Bitcoin, Ethereum, and XRP by way of ETFs.
The Wall Avenue financial institution boosted its XRP holdings to 13,260 shares of the Volatility Shares XRP ETF in the course of the second quarter. It additionally elevated its Bitcoin publicity by 77%, elevating its stake in BlackRock’s iShares Bitcoin Belief ETF to 1.72 million shares from 972,590 shares.
Nonetheless, Bank of America trimmed its holdings in crypto firms. It decreased its stake in Technique from 3.96 million shares to 1.17 million shares and fully exited its positions in American Bitcoin and the Solana ETF.
Supply: finance.yahoo.com
