Oh, Wells Fargo, you sly financial fox! According to your latest 13F filing, you’ve been dipping your toes deeper into the Ether pool-because who needs stability when you can have blockchain rollercoasters?
- Wells Fargo upped its ETHA and ETHW holdings, because apparently, losing money on Ether is the new black.
- Bitcoin ETFs still lead the pack, with IBIT sitting pretty at $250 million-because why fix what’s already broken?
- Galaxy Digital got the boot, while Strategy got a standing ovation. Wells Fargo, you’re a fickle friend!
The bank reported bigger bets on BlackRock’s iShares Ethereum Trust ETF and the Bitwise Ethereum ETF. Because when in doubt, double down on the digital dice roll!
ETHA jumped from 672,600 shares in Q4 2025 to 1.1 million in Q1 2026. ETHW went from 186,800 to over 257,000. That’s $21.5 million in Ether ETF holdings-or as I like to call it, “a lot of zeros and a lot of hope.”
Ethereum: Down, But Wells Fargo Is Still Clowning Around
Ether was taking a beating, dropping 28% in Q4 2025 and 29% in Q1 2026. But Wells Fargo? They’re like, “Buy the dip! Or the crash. Whatever, it’s fine!”
Spot Ether ETFs were bleeding, but Wells Fargo was like a bull in a china shop, reporting higher positions. Are these for clients? Internal portfolios? A bet with the CEO? The 13F filing is as clear as mud-classic Wells Fargo!
Meanwhile, their Bitcoin ETF exposure was a mixed bag. Cut BlackRock’s iShares Bitcoin Trust ETF? Sure! Boost Bitwise Bitcoin ETF and Grayscale Bitcoin Mini Trust ETF? Why not! IBIT still leads with $250 million-because if you can’t beat ‘em, join ‘em.
Remember when Wells Fargo and Bank of America’s Merrill Lynch let clients into spot Bitcoin ETFs? Good times. Good, chaotic times.
Strategy In, Galaxy Out: Wells Fargo’s Crypto Soap Opera
The real drama? Wells Fargo dumped Galaxy Digital like a bad habit, slashing shares from 2.5 million to 78,600. But Strategy? Oh, they got the red carpet treatment, jumping from 322,700 to 726,000 shares. Strategy’s the biggest Bitcoin holder, so Wells Fargo’s just hitching a ride on the Bitcoin bandwagon.
Why the switcheroo? The filing’s as silent as a library during finals week. But hey, it’s crypto-who needs explanations when you’ve got volatility?
Big banks are still crypto-curious, with regulated products being the name of the game. A Coinbase and EY-Parthenon survey says institutions are ready to dive deeper in 2026. Exchange-traded products? Sign them up! It’s like a financial circus, and Wells Fargo’s the ringmaster.
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2026-05-13 09:48