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Wells Fargo’s 13F filing for the first quarter of 2026 submitted to the U.S. Securities and Exchange Commission (SEC) shows that the bank significantly increased its holdings in Ethereum ETFs. Specifically, the holdings of BlackRock’s iShares Ethereum Trust (ETHA) rose from approximately 672,600 shares in Q4 2025 to about 1.1 million shares, a 63.5% increase; Bitwise’s Ethereum ETF (ETHW) holdings grew by 37% to 257,000 shares. Despite Ethereum’s price falling by about 29% in the first quarter and overall outflows from spot Ethereum ETFs, Wells Fargo’s total value of Ethereum ETF holdings still reached approximately $21.5 million. In addition, the bank made major adjustments to related stock positions, cutting its stake in Galaxy Digital—owned by Michael Novogratz—by nearly 97% (about $54.7 million), while increasing its holdings of MicroStrategy (MSTR)—owned by Michael Saylor—by 125% to approximately 726,000 shares. (Cointelegraph)