In one quarter, Bank of America cut a stock by 70% and then added an ETF at 29 times.
That stock is Strategy (MSTR), with its holdings dropping from about 3.97 million shares to about 1.18 million shares.
The ETF is BlackRock’s spot Ether ETF, with holdings rising from about 67,500 shares to about 1.98 million shares.
In the same 13F filing, both selling down and adding positions appear.
What’s being sold are shares of a listed company, while what’s being bought is an ETF product that directly holds Ether.
The filing doesn’t explain the reason—only leaves the trace of this one sell and one add.
Where the bank’s money is moved to—the numbers are right there.
That stock is Strategy (MSTR), with its holdings dropping from about 3.97 million shares to about 1.18 million shares.
The ETF is BlackRock’s spot Ether ETF, with holdings rising from about 67,500 shares to about 1.98 million shares.
In the same 13F filing, both selling down and adding positions appear.
What’s being sold are shares of a listed company, while what’s being bought is an ETF product that directly holds Ether.
The filing doesn’t explain the reason—only leaves the trace of this one sell and one add.
Where the bank’s money is moved to—the numbers are right there.