Who owns the course materials hosted in bCourses?

Unless otherwise specified in contract, UC Berkeley instructors own the rights to their own course materials.
See policy: Ownership of course materials | UC Copyright (universityofcalifornia.edu)

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A note about bCourses (Canvas) Terms of Use

bCourses is UC Berkeley's implementations of the Canvas learning management system (LMS), developed and maintained by Instructure. All users of bCourses must accept the Canvas Terms of Use. Section 4.2 of of that agreement may cause confusion as it relates to copyright and content ownership. However, the Terms of Use are in fact consistent with UC copyright and privacy policy.

"Except with respect to Your Content, you agree that you have no right or title in or to any Content that appears on or in the Instructure Properties. Instructure does not claim ownership of Your Content. However, you grant Instructure a fully paid, royalty-free, perpetual, irrevocable, worldwide, royalty-free, non-exclusive and fully sublicensable right (including any moral rights) and license to use, license, distribute, reproduce, modify, adapt, publicly perform, and publicly display, Your Content (in whole or in part) for the purposes of operating and providing the Instructure Properties."

The key phrase is “for the purposes of operating and providing the Instructure Properties.” This is simply stating that faculty and students grant Instructure the right to use the content only to offer the Canvas LMS services back to UC Berkeley faculty and students. Instructure cannot claim ownership nor reuse the content for any purpose other than offering the service to UC Berkeley.

See Terms of Use: Instructure Canvas Terms of Use

Note that this agreement was developed and vetted by the Internet2 Net+ Consortium in concert with dozens of higher ed institutions, including UC Berkeley.