Banks’ Spot Crypto Holdings Drop to 2.46% in Q2 2024

Banks globally held €341.5 billion ($368.3 billion) in crypto assets as of Q2 2024, with spot crypto making up less than 3% of their holdings. This data from the Basel Committee on Banking Supervision (BCBS) reflects a decline from previous years.

Only 29 banks contributed to the total figure, with most holding exchange-traded products (ETPs) rather than cryptocurrencies.
Global regulators are monitoring the financial sector's ties to crypto after the failures of crypto-friendly banks in 2023.
BCBS recommended that banks' spot crypto exposure not exceed 2% in December 2022.
Banks' spot crypto holdings decreased by 44% from 2021 to 2022.
As of June 2024, banks held only 2.46% in spot crypto, with 92.5% of their holdings in regulated ETPs tracking crypto prices.