Odaily Planet Daily report: According to the latest 13F filing submitted by Wells Fargo, the bank increased its holdings of several spot Ethereum ETFs in the first quarter of 2026, including BlackRock's ETHA and Bitwise's ETHW.
Among these, ETHA holdings increased from approximately 672,600 shares in the fourth quarter of 2025 to approximately 1.1 million shares, an increase of about 63.5%; ETHW holdings rose from approximately 186,800 shares to approximately 257,000 shares, an increase of about 37%. As of the end of the first quarter, Wells Fargo held ETH ETFs with a total value of approximately $21.5 million.
In contrast, its Bitcoin ETF holdings showed divergence: IBIT’s holdings decreased slightly, while BITB and the Grayscale Bitcoin Mini Trust ETF saw increases of approximately 24% and 41%, respectively. IBIT remains its largest cryptocurrency ETF holding, with a size of about $250 million.
In addition, Wells Fargo significantly adjusted its positions in crypto-related stocks, reducing its stake in Galaxy Digital by approximately 97%, while increasing its position in Strategy from about 322,700 shares to 726,000 shares, an increase of approximately 125%. (Cointelegraph)