"Wells Fargo boosted Blackrock Ether ETF holdings by 63% to 1.1M shares by March 31. Wells Fargo cut Galaxy Digital exposure by 97% while adding $41.6M to Strategy shares. Bitcoin ETF holdings shifted in Q1 2026 as Wells Fargo diversified crypto exposure."
"Shares in Blackrock's iShares Ethereum Trust (ETHA) ETF climbed more than 63% quarter over quarter, rising from roughly 672,600 shares at the end of 2025 to about 1.1 million shares by March 31. Wells Fargo also increased its position in the Bitwise Ethereum ETF by approximately 37%, bringing holdings to more than 257,000 shares."
"The bank slightly reduced its position in Blackrock's iShares Bitcoin Trust (IBIT) ETF, though the fund still represented the largest portion of Wells Fargo's crypto ETF portfolio, valued at roughly $250 million. At the same time, the bank added to other bitcoin-linked products. Holdings in the Bitwise Bitcoin ETF Trust rose about 24%, while exposure to the Grayscale Bitcoin Mini Trust ETF increased roughly 41%."
"Wells Fargo also increased its exposure to ether exchange-traded funds (ETFs) while reshaping its bitcoin ETF positions and making a major bet on Strategy, according to a new regulatory filing. The bank disclosed larger holdings in ether-linked funds through its latest Form 13F filing with the U.S. Securities and Exchange Commission."
Wells Fargo adjusted its crypto-related portfolio in the first quarter of 2026 by increasing exposure to ether exchange-traded funds while reshaping bitcoin ETF holdings. Blackrock’s iShares Ethereum Trust (ETHA) holdings rose more than 63% quarter over quarter to about 1.1 million shares by March 31. Wells Fargo also increased its position in the Bitwise Ethereum ETF by roughly 37% to more than 257,000 shares. Bitcoin exposure was more uneven, with a slight reduction in Blackrock’s iShares Bitcoin Trust (IBIT), though it remained the largest crypto ETF holding at about $250 million. The bank added to other bitcoin-linked products, including the Bitwise Bitcoin ETF Trust and the Grayscale Bitcoin Mini Trust ETF. Wells Fargo cut Galaxy Digital exposure by 97% and added $41.6 million to Strategy shares.
Read at news.bitcoin.com
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