Wells Fargo increased its holdings of ETH ETFs in the first quarter, while significantly adding to its Strategy stock positions.

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Marcel Mars Finance news: A Wells Fargo 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 approximately 672,600 shares in Q4 2025 to about 1.1 million shares, an increase of approximately 63.5%. ETHW holdings increased from about 186,800 shares to about 257,000 shares, an increase of approximately 37%. By the end of the first quarter, the total value of the ETH ETFs held by Wells Fargo was approximately $21.5 million. By comparison, its Bitcoin ETF holdings diverged: IBIT holdings fell slightly, while holdings of BITB and the Grayscale Bitcoin Mini Trust ETF increased by approximately 24% and 41%, respectively. At present, IBIT remains its largest crypto ETF holding, at roughly $250 million. In addition, Wells Fargo also significantly adjusted its holdings in crypto-related stocks: its holdings in Galaxy Digital decreased by about 97%, while its position in Strategy increased from approximately 322,700 shares to 726,000 shares, an increase of about 125%.

ETH-2.29%
ETHW-4.42%
BTC-1.34%
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