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Wells Fargo increased its ETH ETF holdings in the first quarter and significantly increased its position in Strategy stocks.
Odaily Planet Daily News: Wells Fargo’s latest 13F filing shows that in the first quarter of 2026, it increased its holdings in multiple Ethereum spot ETFs, including BlackRock ETHA and Bitwise ETHW.
Among them, ETHA holdings rose from about 672,600 shares in Q4 2025 to about 1.1 million shares, an increase of about 63.5%; ETHW holdings increased from about 186,800 shares to about 257,000 shares, an increase of about 37%. As of the end of the first quarter, Wells Fargo’s total value of ETH ETF holdings was about $21.5 million.
By contrast, its Bitcoin ETF holdings diverged: IBIT holdings fell slightly, while BITB and Grayscale Bitcoin Mini Trust ETF holdings increased by about 24% and 41%, respectively. At present, IBIT remains its largest crypto ETF holding, at a scale of about $250 million.
In addition, Wells Fargo also significantly adjusted its crypto-related stock positions. It cut its holdings in Galaxy Digital by about 97%, while its position in Strategy increased from about 322,700 shares to 726,000 shares, an increase of about 125%. (Cointelegraph)